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 profitability of the Cartwright group was already on a “downward trajectory” before the advent of the coronavirus pandemic, with margins impacted by loss-making contracts, according to administrators.
Membership numbers and turnover increased at the FTA last year, but its pre-tax surplus fell.