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 […]
Steve Porter Transport enjoyed a busy summer, with a jump in drop-trailer movements during the period.
The Traffic Commissioners for Great Britain have launched a consultation to look at whether the financial resources test for restricted operator licence holders need to be increased.
Fergytrux, the Cramlington-based holding company of Fergusons Transport, increased turnover by 2.2% last year, thanks to performance improvements and Brexit stockpiling.