The loss of a major customer at the end of 2016, alongside increasing costs for drivers’ wages and fuel inflation, saw Foulger Transport head into the red in 2017. Newly published accounts for the year to 31 December 2017 show turnover declined by 2.4% year on year to £16.4m (2016: £16.8m) as a consequence of the loss. Furthermore, in its strategic report to the accounts it concedes that it was “slow to react to the loss of revenue” and that […]
UK Mail Group’s depot closure programme will cost it approximately £2m as it looks to continue to cut costs. In a pre-close trading update for the year ended 31 March, UK Mail says the closure of four depots in the past 12 months will leave it with a low-cost and integrated network. It is left with a network of 50 depots as a result. The parcels giant also reveals a Q4 revenue increase of 14% year-on-year. However, when adjusting for […]
Abbey Logistics Group is to reboot its expansion strategy following a “self-imposed” pause on growth during 2015.
Kinaxia Logistics grew turnover by 40% last year, reflecting the full-year effect of its acquisition spree during 2017 and 2018.