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, […]
Elddis Transport’s focus on fast moving consumer goods (FMCG) has helped the family firm weather the impact of the Covid-19 pandemic and win new business, MD Nigel Cook told motortransport.co.uk this week.
Sales of compressed and liquefied natural gas (CNG/LNG) have hit record highs, with volumes more than doubling between Q4 2019 and the first quarter of this year, according to Gasrec.
Ceva Logistics, which recently saw its long-running relationship with Crown Paints extended, has seen group profit fall after its contract logistics businesses was affected by Europe’s economic malaise. While revenue in the first half of the year was up 5.5% at €3.5bn (2011: €3.4bn), EBITDA slipped 10.5% to €136m (2011: €152) as a consequence, despite growth in the group’s ocean freight business. John Pattullo, chief executive of Ceva, says: “Transpacific volume and weakness in Southern Europe remain a concern. As […]