The driver shortage becoming more acute drove CM Downton’s profit down in the 2016/17 financial year, and the operator said it’s having its “most difficult commercial conversations” with clients to date as it moves to increase fees. MD Andy Downton told MT that its 9% pre-tax profit drop to £5.1m in the year ended 30 June 2017 was “symptomatic of increased driver costs and increased agency costs” but that the business had the situation in hand. He said: “The driver […]
CM Downton’s acquisition of C&H (Hauliers) in 2013 helped boost turnover by 15% year-on-year, according to its most recent filings at Companies House.
News distribution specialist CM Downton has secured its first contract with Connect Group’s Smiths News.
CM Downton is set to deliver more than nine million Christmas TV guides to wholesalers and retailers this weekend.