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 […]
Kinaxia Logistics has made its tenth acquisition with the purchase of Palletline-member AKW Group for an undisclosed sum.
Knights of Old has come out fighting after landing a major new contract and vowing to overcome a difficult period that saw it record a “substantial” operating loss of £2.7m.
Kinaxia Logistics will buy its 11th haulier by the end of the year, according to director Peter Fields.