R Swain & Sons defied “considerable” customer and competitor pressure to deliver a 10% rise in turnover last year, according to the firm’s latest annual results. Publishing its accounts for the 12 months to 31 December 2016, the Kent-based group revealed a rise in turnover to £45.9m (2015: £41.5m) with pre-tax profit increasing to £2.8m (2015: £ 2.7m). The company spent £1.5m on acquisitions in the period, including the purchase of Derby-based Jeffrey’s Haulage for an undisclosed sum in July. In […]
Kuehne + Nagel Group is to sell a major part of its UK contract logistics portfolio to XPO Logistics.
Matlock Transport was almost saved from closure in the days running up to its liquidation when an offer to buy the business was received, the liquidator has told motortransport.co.uk.
Hicks Logistics has moved into warehousing after the acquisition of a 20,000ft² industrial unit next to its Caldicot base on the Severn Bridge Industrial Estate. The company hopes the diversification will boost its annual turnover from £7.5m to around the £10m mark, and has taken on ten more staff taking its team to 80.