Falls in the value of sterling in the wake of the EU referendum have continued to hit Laser Transport International, which saw its pre-tax profit plunge by 64% last year. In its latest results for the year to 31 December 2017, the Hythe-based company reported that whilst turnover had risen by almost 3% to £17.3m (2016: £16.8m), pre-tax profit plummeted to £16.6m (2016: £45.7m) in the period. In its analysis of the results, the Palletline member said that despite “robust” […]
Britain’s ‘imminent’ departure from the European Union may have sparked huge debate across the UK logistics sector, with concerns of significant challenges throughout the international supply chain, but Brexit could also be a catalyst for change for the better for the industry, according to Clugston Distribution director Tim Doggett.
Honda’s plans to close its Swindon plant in 2022 come as yet another blow to hauliers operating in the automotive sector with unions warning that the move will threaten thousands of supply chain jobs across the UK.
There is widespread agreement among UK and Irish parties that there should be no return to what has been labelled a ‘hard border’ separating Northern Ireland and Ireland after Brexit.