Laser Transport International suffered a “savage” financial hit due to the devaluation of the pound in 2016 after the UK’s vote to leave the EU, newly published accounts show. In its results for the year to 31 December 2016, the Hythe-based international freight company and former MT Haulier of the Year said the fall in the value of sterling after the EU referendum vote last June had created an “immediate and savage impact” on operating costs that “cannot be overstated”. […]
The loss of a major customer at the end of 2016, alongside increasing costs for drivers’ wages and fuel inflation, saw Foulger Transport head into the red in 2017.
Knights of Old has come out fighting after landing a major new contract and vowing to overcome a difficult period that saw it record a “substantial” operating loss of £2.7m.
Turners (Soham) saw pre-tax profit and turnover increase last year due to rising fruit and vegetable volumes.