The management team of Halcyon Tankers is planning to double the size of the firm this year after buying the company from Hargreaves Logistics. Former Hargreaves Logistics MD Andrew Spence-Wolrich has joined forces with Halcyon MD Ian Elliott and Nigel Barraclough, who was MD of Hargreaves Services between 2011 and 2015, to buy Halcyon Tankers this month. The company specialises in transporting petroleum and bulk chemicals across the UK from its base in Port Clarence, Middlesbrough. Asked what the management […]
Eddie Stobart Logistics (ESL) made a statutory loss of £238.9m last year after ratcheting up exceptional costs of £200.2m, including a £169.2m impairment charge.
The Reed Boardall Group has defied rising costs and fierce competition in the transport sector to deliver a 13% rise in underlying pre-tax profit.
Chilled food distribution specialist NFT has seen its turnover and pre-tax profit rise at the same time as signing a five-year refinancing package with HSBC. Turnover increased by 8% to £152.4m for the year-ending 31 March, from £140.9m a year ago. Pre-tax profit rose 60% from £1.4m to £2.2m. Its shared user transport network delivered an average of 39,000 pallets a week of food and general merchandise in the financial year, an increase of 40% year-on-year. A contract with an […]