Bowring Transport profit falls by a quarter as fuel costs bite

Bowring
 

Diesel price increases combined with depreciation charges due to Bowring Transport’s fleet renewal programme saw pre-tax profit in the company’s haulage division fall by 25% last year. In the year to 31 May 2018, the Mansfield, Nottinghamshire-based company revealed that, despite a 5.5% rise in turnover in its haulage division to £12.9m (2016: £12.2m), its pre-tax profit fell to £1.2m (2017: £1.6m). The family firm, which has combined O-licences for 132 trucks and 307 trailers, offers a range of services […]