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 […]
Kuehne+Nagel said it experienced a “significant increase” in shipments within its road logistics division in the third quarter and demand for domestic transport in European countries reached pre-crisis levels.
Trading at Maxi Haulage was “very satisfactory” last year, as the Scottish firm continued to invest in its fleet and reduce costs.
Knights of Old delivered a “strong financial performance” in the year ended 31 May 2016 despite challenging market conditions, according to its annual report.