Employment costs hit Meachers Global Logistics’ profit last year but the Southampton-based company has deeper concerns about Brexit, according to its chairman. For the year ending 31 May 2018, the logistics business, which is celebrating 60 years in business this year, reported turnover of £26.2m (2017: £26.1m). Pre-tax profit was down 4.5% to £1.9m (2017: £2m). However, chairman Bob Terris said he was happy with results given the pressure on employment costs and the fact that Meachers’ profit margin remained […]
Administrators handling the affairs of Drive Force (UK) have confirmed that the business has ceased trading with the loss of 47 jobs.
The FTA has warned that the supply chain is “set to disintegrate” if the status of European workers within the UK’s logistics sector is not settled as part of the ongoing Brexit negotiations.
Yodel said it was on course to become profitable in the year ending June 2021 – a first in its 10-year history.