Hargreaves Services is to “ration” expenditure in its logistics division after it suffered a 91% fall in operating profit last year due to competitive pressure. Operating profit plunged from £1.2m to £100,000 in the year to 31 May 2017, as turnover dropped 11% to £48m (2016: £54.4m). It said this reflected its transition from a focus on coal movements to more diverse volumes in the waste, construction and biomass sectors, as well as pressure on subcontractor margins. Hargreaves said the […]
A committed customer base and varied operations helped Kent-based R Swain & Sons grow both turnover and pre-tax profit last year.
Optimism in the logistics sector is at its lowest level in 12 years, according to the latest Logistics Confidence Index, with companies citing uncertainty over Brexit and the ongoing driver shortage as key contributors to falling levels of confidence.
Government’s £28bn road programme set to face similar legal challenge used to halt Heathrow expansion
An environmental campaign group is planning a legal challenge to the government’s £28.8bn roads programme on the grounds that it breaches UK climate and environment laws.