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, […]
A turnaround plan at HW Coates has borne fruit with both turnover and profit up at the chemicals logistics specialist.
Howard Tenens remains confident that it is “well positioned” to grow its business, despite posting a 15.4% drop in pre-tax profit last year.
The future of Hellmann Worldwide Logistics rests on the success of a major refinancing deal being negotiated by its German parent company, the 3PL’s auditor KPMG has warned.