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 […]
Fowler Welch said its sale last year to Culina Group had strengthened its ability to overcome challenges and enhanced its services.
DSV Road saw both turnover and profit growth slow last year due to the rising costs of goods and services.
Logistics firm Davies Turner has leapt 42 places to 119th position in the latest Sunday Times PwC Top Track 250 league table.