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 […]
A turn-round strategy introduced at Aspray Transport last year led to the next day carrier spending almost £400,000 to tackle a “highly challenging” environment resulting in the firm recording a loss.
Conditions in the road transport market have “never been more challenging” the chief executive of Gregory Distribution has said.
NWF Group expects pre-tax profit for the six months ended 30 November to be greater than the same period in 2011, despite lower than expected performance in its food distribution arm. In its interim statement, the firm said its Boughey Distribution business performed “slightly behind expectations” as it did not take on as many new customers and receive as much business from existing customers as it expected, which it blamed on a “tough market environment”. NWF Fuels performed better than […]