Rhys Davies and Sons’ decision to ditch its unprofitable accounts last year has been vindicated, the Cardiff-based logistics and warehousing company said in its latest annual results. Reporting for the year to 31 August 2016, the firm, which trades as Rhys Davies Logistics, said that while turnover fell by more than 10% to £37.5m (2015: £41.7m). Pre-tax profit rose in the same period by more than 8% to £405,453 (2015: £374,567). Rhys Davies finance director Stephen Thomas said: “This performance […]
The chairman of the All-Party Parliamentary Group on Freight Transport (APPG) has said a push to extend student loans to cover would-be HGV drivers is not dead, despite the government seemingly killing-off the proposal.
Growth in haulage rates slowed almost to a halt in the first three months of the year, according to the latest figures from the Office for National Statistics (ONS). Average haulage rates grew by just 0.1% against a 2005 baseline in the first quarter of 2013, down from 0.2% during the final quarter of 2012, the latest Services Producer Price Index from the ONS has revealed.