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”. […]
Abbey Logistics Group has seen a significant improvement in its financial performance over the past six months, despite the impact of the Covid-19 pandemic, chief executive Steve Granite said this week.
Fowler Welch boosted revenue 6% to £152.4m for the year ended 31 March, with pre-tax profit up to £3.9m, from £2.6m the previous year. The FMCG specialist downsized its container division in the period, with the closure of its Felixstowe site. It now runs a smaller operation from its site in Alconbury, Cambridgshire that has seen an improvement in miles per truck. It has also reduced its number of tractor units. Performance was boosted at its 50,000 pallet ambient consolidation […]
Like hauliers, truck dealers are consolidating, getting bigger, and widening the range of services they offer. Dealers no longer just sell trucks; they are increasingly taking on the vehicle repair and maintenance as more operators close their fleet engineering departments and rely on dealers for their R&M and other technical support. Rygor Commercials is a good example of this trend. The UK’s largest Mercedes-Benz franchise following its takeover of Mudie-Bond last year, Rygor’s territory now covers much of central southern […]