The UK road transport sector saw a 20% surge in suppliers’ bad debts in the second quarter of 2017, according to the latest Creditsafe Watchdog Report. The report, which tracks quarterly economic developments across the transport sector, revealed bad debt owed to the sector leapt to £3.3m in Q2, up from £2.7m in Q1. In the same period, bad debt owed by the road transport sector increased 2% to just over £1m (Q1 2017: £998,190). The report reveals that while […]
A significant number of contract wins in XPO Logistics’ Supply Chain and Transport Solutions divisions more than offset a decline in dry bulk volumes during XPOs first full financial year of trading since it acquired Norbert Dentressangle in 2015.
Royal Mail has revealed that its UK operation saw a 2% year-on-year decline in turnover in the first quarter of its financial year, just a day after reports that the company submitted an objection to an ongoing Ofcom investigation into its pricing regulations emerged.
The logistics sector defied the economic uncertainty surrounding Brexit with a fall in company failures in the third quarter of the year, according to a new report.