DX Group has issued a profit warning due to continuing challenges in the courier market and margin pressure within its freight business. In a trading update the operator said the tough trading conditions referred to in its update from 22 November 2016 had continued, including pressure on pricing. “While there has been strong momentum and wins in the Logistics business, the expected growth in higher margin revenue from our DX Courier and freight activities has not come through, impacting profitability due […]
The Anderson Group “withdraws support” and moves to cut jobs at Sam Anderson (Newhouse) and T McMillan
The Anderson Group is mulling whether to close down two of its haulage operations – Sam Anderson (Newhouse) and T McMillan Transport – as it begins to make redundancies at both firms.
The extent of the pandemic on Tradeteam’s financial results is revealed in its latest accounts, which showed turnover plummeted by 40% last year.
Transport firms facing collapse in the wake of the Covid-19 pandemic have been thrown a lifeline in the form of a new law.