Reed Boardall Group saw pre-tax profit rise almost 60% last year despite “fierce competition” in the transport industry and rising fuel costs. Reporting its latest annual results to 31 March 2018, the temperature controlled logistics firm revealed a 2.3% rise in total turnover to £61.6m (2017: £60.2m) and a profit hike of 59% to £1.4m (2017: £865,921). This represented a profit margin of 2.3% compared with 1.4% a year ago. The group’s cold storage services division provided the lion’s share […]
UK Mail expects volume growth in its parcels division to slow down in the second half of this year as it continues to feel the effects of a weakened retail market and poor volumes in the second quarter.
The RHA has repeated its plea for more government help for hauliers, after a new survey revealed 16% of operators are in danger of becoming insolvent within four weeks.
New research suggests operators’ expectations of growth this year could be hamstrung by a lack of innovation within the road transport sector.