Meachers Global Logistics saw a reduction in turnover and profit last year. The Hampshire-based company recorded a 1.9% drop in sales, from £25.5m to £25m for the year ending 31 May 2016. Pre-tax profit slid 8.7% to £1.9m but the company said the “marginal reduction” was in line with expectations. In its business review, Meachers said its performance and position were satisfactory and it remained reasonably confident about the future. However, it highlighted a number of areas of potential concern […]
TNT Express is to spend €185m (£145m) improving its European road network during the next four years as part of its strategy to move more by road.
Meachers Global Logistics has revealed its second major commercial relationship in recent months, teaming up with French freight forwarder Morvan Fils Transit.
Major management restructuring in the face of declining revenues at the UK International division of TNT Express has also seen ‘a handful’ of top executives made redundant, Motortransport.co.uk has learnt.