Fowler Welch saw turnover increase during the first half of this year after taking over transport operations at Dairy Crest’s Nuneaton NDC in 2016. According to parent company Dart Group’s interim results, the food distribution business saw turnover rise 4% to £83m in the six months to 30 September 2017 (2016: £80m), also helped by increased volumes at its Teynham and Heywood sites. Operating profit only marginally increased to £2.4m from £2.3m during the same reporting period last year, which […]
Premier Logistics MD Lee Christopher has predicted the haulier will bounce back after two disastrous acquisitions and the end of its Pall-Ex work led to a £1m loss that triggered an emergency loan from its new network.
Panther Warehousing has completed a management buyout (MBO), backed by private equity firm Lloyds Development Capital (LDC).
TNT Express said it does not expect to see the full benefit of its profit improvement strategy until 2018-19, as it admits it did not acheive the turnover and profitability it expected in 2014.