Redhead Freight is continuing to make progress after its acquisition by Schenker, which saw the reverse integration of loss-making DB Schenker Logistics into the business. Reporting its annual results to 31 December 2017, the Bradford-based company revealed that turnover had risen 12% in the year to £64.6m (2016: £56.7m). Its annual pre-tax loss improved by almost two thirds to £939,103 (2016: loss of £2.8m). The purchase of a 75% share of Redhead Freight’s parent company in December 2015 by Schenker, […]
With Widdowson Logistics in administration once more, Motortransport.co.uk revisits the events that lead to the operator’s pre-pack in July 2016. Although incorporated in 1975, business conducted by former coal merchant AM Widdowson & Son can be traced back more than 100 years. Like any haulage firm with a few years on the clock there’s been plenty of ups and downs, but for this Leicestershire outfit it’s been a particularly breathless few years. A stricken AM Widdowson was kept on the […]
Rhys Davies & Sons saw both turnover and pre-tax profit rise last year, through a mixture of cost control and volume growth.
Fortec has launched a corporate division as it looks to expand its reach with larger, national customers and attract more “blue-chip” clients to the network. The Daventry-based pallet network says the new division was necessary as national and international accounts often require too much funding upfront for individual network members to be able to take on. Neil Hodgson, Fortec MD, says: “This type of business is beyond [most members’] reach in terms of financial risk and scale. However, through bringing […]