Maxi Haulage is on course to deliver “acceptable” profit levels this year after driver wage rises and a steep hike in shipping costs to Ireland saw the firm’s pre-tax profit take a 41% hit in 2017. Reporting its annual results to 30 September 2017, the Irvine-based Maxi Caledonian subsidiary revealed that whilst turnover rose 11% in the year from £56.1m to £62.3m, pre-tax profit fell 41% from £2.3m to £1.3m. Maxi Haulage MD Alan Miles told MT: “The biggest impact […]
The logistics sector defied the economic uncertainty surrounding Brexit with a fall in company failures in the third quarter of the year, according to a new report.
UK Mail’s forced move to new premises has had a disastrous short-term impact on the business with full-year profit now expected to be half that achieved last year, the company warned today.
APC Overnight boosted its turnover in the year ended 31 March 2016, after it lowered its maximum parcel weight as part of an “important year” of reshaping the business.