WH Malcolm saw profit and turnover dip last year, despite a “robust” performance from its logistics arm. The company’s latest annual results for the year to 31 January 2017 revealed a turnover of £200.1m compared with £207.2m the year before. Operating profit, before exceptional items relating to the firm’s pension scheme, amounted to just over £9.7m (2016: £10.4m). Pre-tax profit was £7.6m in the period, compared to a pre-tax profit of £17.2m in the prior year. 2016’s total was however […]
Failed container haulier Deben Transport owed unsecured creditors close to £2.4m when it was placed into administration on 13 April, as well as more than £1.4m to HMRC.
Deben Transport’s claim for damages in relation to the truck cartel could be as much as £8m and, if successful, would potentially result in a payout to trade creditors, according to the administrator.
Adverse weather conditions hit volumes in Kuehne + Nagel’s road and rail logistics division, which saw an 85% drop in first quarter EBITDA.