Expect Distribution’s contracts division played a key role in boosting the firm’s profit last year after landing ten new major accounts, according to its latest annual results. The Bradford-based logistics firm saw turnover leap by 17% to £28.4m (2017: £24.2m) and pre-tax profit rise by 14% to £1.4m (2017: £1.3m) in the year to 30 November 2018. The strategic report to the annual results said the group’s distribution operations increased in the period by 14.12% to £25.2m. It added that […]
Expect Distribution has blamed a fall in profit on its loss-making two-man delivery service, which ceased operating in May last year, but said that new deals in its contract logistics business will get it back on track.
Expect Distribution has signed a three-year warehousing and distribution deal with online retailer Stores Direct, expanding the scope of the eight-year relationship between the two parties.
Operators are calling for action against a rise in clients demanding extended credit terms, MT has learnt.