Eddie Stobart saw turnover and earnings grow in the first six months of its financial year, but the cost of refinancing, its stock market listing and the end of an Irish retail contract resulted in a pre-tax loss. Having completed an initial public offering (IPO) on the Alternative Investment Market in April, the haulier saw revenue climb 7.7% to £287m (2016: £266.4m) in the six months to 31 May 2017. Underlying turnover growth, which strips out the end of the […]
UPS is to build a £120m package sorting and delivery facility at DP World’s London Gateway.
Royal Mail offset declining letter volume with its growing parcels operation in a year that saw it surpass the £10bn turnover mark for the first time, but saw pre-tax profit fall by more than a third (37%).
There’s a funding issue to be addressed in 2013 according to the transport commissioners’ annual reports, but operators aren’t expected to foot the bill. Roger Brown reports. Senior traffic commissioner (TC) Beverley Bell said her top priority during the coming year will be to hold talks with Vosa chiefs to ensure TCs continue to be properly resourced and financed. In the Traffic Commissioners’ Annual Reports for 2011-12, Bell explained that as their work is paid for by operators who have […]