Fowler Welch has a ‘bright, interesting and profitable’ future ahead, according to its parent company. Publishing preliminary full year results today (13 July), Dart Group revealed its logistics business saw turnover climb 14% to £163.5m (2016: £144m). The past year has seen Fowler Welch start a new operation for Dairy Crest at Nuneaton, and its joint venture Integrated Service Solutions, which ripens, grades and packs fruits, grow in scope. The operator’s 500,000ft² Heywood hub, a shared user site, saw depressed […]
Fowler Welch MD Nick Hay has strong views on fleet replacement cycles and the switch to Euro-6 as he explains to Steve Hobson Fowler Welch runs a fleet of 400 units and 800 trailers from 10 sites around the UK. Best known as a chilled operator, it dropped the ‘Coolchain’ from its public name in 2011 as it expanded into ambient distribution and today around 30% of its revenues come from the ambient side of the business.
Unexpected behaviour by supermarket customers, alongside the closure of its operating base in the Europe, led to a fall in turnover and pre-tax profit at Fowler Welch.
The MT basket of transport shares continues to have a little wobble in September, but it is worth keeping in mind just how much share values of transport firms have risen in the nine months of the year so far – pointing towards a more sustained recovery in the sector.