Government road projects generating demand within the construction sector helped Bowring Transport perform strongly last year, according to its latest annual results. In the year to 31 May 2016, the Mansfield, Nottinghamshire-based firm said that despite “a modest decline” in turnover to £12.2m (2015: £12.6m) and in pre-tax profit to £1.6m (2015: £1.68m), the haulage division “exceeded expectations” in the period. Bowring Transport attributed the division’s performance to “significant demand” for haulage services driven by “substantial capital spending” on local and […]
Wincanton has reversed heavy losses and is “back on track” – despite a 9.6% fall in turnover – after a turbulent two years that saw it sell its loss-making European activities and exit a poor performing market in the UK.
City Link narrowed its losses by 54% in 2012, but a reduction in volumes from higher margin B2B customers meant that its performance was behind the expectations of parent company Rentokil Initial.
Premier Logistics MD Lee Christopher has predicted the haulier will bounce back after two disastrous acquisitions and the end of its Pall-Ex work led to a £1m loss that triggered an emergency loan from its new network.