A fresh, young leadership team and a commitment to promoting from within are starting to pay dividends at family haulage firm CS Ellis. Speaking to MT to mark Palletline’s 25th anniversary last year, the pallet network’s former chairman and CS Ellis’s current chairman, Trevor Ellis, said his son and daughter had really got a handle on the business since he stepped down a few years back. “The business has completely changed, they run it better than I did,” Ellis said, […]
TNT Express saw a 13% drop in EMEA operating profit in the third quarter, despite a 3,2% turnover rise, due to “challenging trading conditions in Europe”. The parcel firm, which last week received a statement of objections from the European Commission ahead of its acquisition by UPS, did not perform as well in its EMEA operations as it had during the same period in 2011, its Q3 trading results revealed. Reported operating profit margins fell from 6.4% in Q3 2011 […]
Rhys Davies and Sons’ decision to ditch its unprofitable accounts last year has been vindicated, the Cardiff-based logistics and warehousing company said in its latest annual results.
Competition for HGV drivers is pushing wages up and heaping pressure on operators, warns Meachers Global
Rising driver wages look set to exacerbate the current squeeze in labour supply, Meachers Global Logistics MD Stuart Terris has warned. Commenting on the financial performance of the firm in the year to 31 May – which notched up a 25% increase in turnover with a 67% rise in pre-tax profit – Terris pointed to the ongoing driver shortage and fuel price volatility as the two main operational headwinds facing the company. On the former, he said: “We’re on top […]