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. The Leicestershire firm’s recently published accounts for the 16 months to 30 April 2017 reveal a turnover of £24.9m, compared with £18.9m in the year to 31 December 2016. A pre-tax loss of £1.2m (2015: £181,041 profit in year to 31 December) was […]
Profit fell at Kuehne + Nagel’s road and rail logistics division in the first half of 2013, compared to the same period in 2012, although it predicted a stronger second half-year performance.
The boss of CM Downton has said customers need to be realistic about haulage rates as the economic recovery begins to lay bare capacity issues within road transport.
Fortec has launched a corporate division as it looks to expand its reach with larger, national customers and attract more “blue-chip” clients to the network. The Daventry-based pallet network says the new division was necessary as national and international accounts often require too much funding upfront for individual network members to be able to take on. Neil Hodgson, Fortec MD, says: “This type of business is beyond [most members’] reach in terms of financial risk and scale. However, through bringing […]