ARR Craib Transport grew both annual turnover and profit in its last full year of trading before it was acquired by Gregory Distribution, new accounts show. In the year to 31 March the Aberdeen headquartered haulier saw its diversification away from the UK oil and gas industry coupled with “excellent retention” of customers pay off. Turnover – half of which is derived from customers in the UK oil and gas sector – climbed 4.9% to £47m (2017: £45m). Pre-tax profit […]
The decision by the Office of Fair Trading (OFT) not to investigate the £47bn UK oil sector is simply a side-show, and the need to tackle the punishingly high rate of fuel duty remains paramount, campaigners have said.
Some of road transport’s biggest companies could face a hit to their cash flow after the chancellor signalled he was bringing forward corporation tax deadlines forward yesterday.
Turnover and profit at Welch’s Transport continued their upward trend last year, despite the Cambridgeshire haulier contending with a relocation and the driver shortage.