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 […]
Express parcels and mail provider UK Mail Group says it is taking action to plug the gaps in its pallet distribution business UK Pallets. It reported a significant decline in operating profit from this division during the first six months of the financial year. While revenue from its pallets business rose 0.8% to £14.3m in the six months to 30 September compared to the same period last year, operating profit fell over 26% to £800,000, said the firm. UK Mail […]
Meachers Global Logistics and Steve Porter Transport Group have launched phase one of a partnership they hope will develop, generating new business and stripping out duplication from their respective networks. The strategic partnership, which began in earnest this week after months of preparatory work, sees Meachers trunking the Isle of Wight-based Steve Porter Transport’s overnight groupage from Southampton to its Midlands DCs in Northampton and Coventry. The trunking includes work undertaken by Steve Porter Transport as part of the Fortec […]
Conditions in the road transport market have “never been more challenging” the chief executive of Gregory Distribution has said.