Fred Sherwood & Sons (Transport) saw pre-tax profit fall 18% last year with turnover also declining by 5% in the period. Reporting its annual accounts for the year ended 31 March 2016, the company revealed that pre-tax profit had dropped to £1.3m (2015: £1.6m) while turnover had fallen to £36.7m on the previous year’s figure of £38.6m. Despite the fall in pre-tax profit and turnover, the directors’ report remained upbeat, stating that the firm had “traded successfully” in the period […]
International Swiss-based freight and logistics business Kuehne + Nagel reaped the benefits of its long term growth strategy with record results in the 12 months to 31 December 2011. Globally, K+N saw net profit rise to CHF606m (£421m) on turnover of CHF19.6bn (£13.6bn), increases of 12.2% and 9% respectively after the effect of the strong appreciation of the Swiss franc against K+N’s major trading currencies was stripped out, according to Tim Scharwath, vice-president for global air logistics. In K+N’s four […]
Royal Mail has warned for a second time that competition from other carriers, this time Amazon’s own delivery network, will damage its growth prospects.
The UK MD of Hoyer Petrolog, the German bulk transport giant, has said that Britain is “experiencing very mixed general economic conditions and fragile confidence” after the company saw turnover and profit dip.