Eddie Stobart Logistics has seen its push around manufacturing, industrial and bulk (MIB) pay off handsomely, with the segment now its biggest turnover contributor, the firm said today (10 April). In the full year to 30 November 2017, the firm, which trades as Eddie Stobart, saw turnover growth of 37% in MIB, and 111% in its e-commerce operation – its other major focus since returning to the Alternative Investment Market in April 2017. MIB accounted for £182m, or 29% of […]
The chairman of the All-Party Parliamentary Group on Freight Transport (APPG) has said a push to extend student loans to cover would-be HGV drivers is not dead, despite the government seemingly killing-off the proposal.
Ceva Logistics, which recently saw its long-running relationship with Crown Paints extended, has seen group profit fall after its contract logistics businesses was affected by Europe’s economic malaise. While revenue in the first half of the year was up 5.5% at €3.5bn (2011: €3.4bn), EBITDA slipped 10.5% to €136m (2011: €152) as a consequence, despite growth in the group’s ocean freight business. John Pattullo, chief executive of Ceva, says: “Transpacific volume and weakness in Southern Europe remain a concern. As […]
DX Group has issued a profit warning due to continuing challenges in the courier market and margin pressure within its freight business.