Jack Richards and Son boosted turnover by 14% and pre-tax profits by 7% in 2016, aided by stable fuel prices and an efficiency drive. Reporting its annual results to 31 March 2016 the Norfolk-based company said turnover had grown to £40.6m (2015: £35.5m) with pre-tax profit reaching £1m (2015: £951,007). MD Peter Brown told Motortransport.co.uk: “Our growth is mostly about looking at internal efficiencies and working that little bit harder.” An efficiency drive at the company included introducing telematics to […]
Rising driver wages and greater use of agency staff to combat recruitment difficulties contributed to a second year of reduced profit for Felixstowe-based container haulier James Kemball.
Bradford-based logistics firm Expect Distribution has closed its two-man e-retail delivery operation, following a number of “operational challenges”.
The Chancellor turned his back on the road transport industry in the Budget, announcing August’s 3.02ppl increase in fuel duty will stay. MT takes a look at the economic case against this decision. The price of bulk diesel has climbed 18.9% in the past 18 months, to reach a record high of 117ppl. Meanwhile, companies have continued to go to the wall, with Hull-based AR Lunn the latest failure. Predictably, rising fuel costs were a main reason why 115 employees […]