Abbey Logistics Group made a pre-tax loss of £3.6m for the year ended June 2018, after taking short-term pain for long-term gain as part of its self-set target to achieve an annual turnover of £100m by 2022. Turnover from continuing activities – stripping out its discontinued general haulage and Pallet-Track work – was up 28% to £61.7m (2017: £48.4m) in the period. The company attributed this to several new contract wins and the acquisition of Armet Logistics in 2017. Abbey […]
Ocado saw an almost fivefold reduction in its pre-tax losses last year aided by soaring demand for online groceries during the Covid-19 pandemic.
Stobart Group has reported a busy Christmas in its transport and distribution businesses, as EBIT (earnings before interest and tax) for the final four months of 2013 grew.
The boss of Wincanton says the 3PL has seen signs of the market hardening around price, as an increasing number of clients realise that the cheapest deal is not always the best.