Despite selling a majority share to Rico Logistics in January last year and exiting its Company Voluntary Agreement (CVA) early, Circle Express made a loss last year. Reporting its results for the 17 months to March 2016, Circle Express, which runs more than 300 vehicles across eight airport depots, said it had “faced a challenging start to the period under review, with a downturn in trade, coupled with a significant increase in the fixed cost base of the company”. This […]
Kuehne + Nagel shrugs off HMRC investigation into £17m corporation tax saving from network fee charges
A network fee charge which has saved Kuehne + Nagel Limited over £17m in corporation tax over six years is under investigation by HMRC, according to the company’s latest annual results.
Volvo is offering hauliers the opportunity to defer fees for the first three months and take an annual two-month payment holiday in an effort to help them keep fleets rolling.
There’s a funding issue to be addressed in 2013 according to the transport commissioners’ annual reports, but operators aren’t expected to foot the bill. Roger Brown reports. Senior traffic commissioner (TC) Beverley Bell said her top priority during the coming year will be to hold talks with Vosa chiefs to ensure TCs continue to be properly resourced and financed. In the Traffic Commissioners’ Annual Reports for 2011-12, Bell explained that as their work is paid for by operators who have […]