The German parent company of logistics firm Hellmann Worldwide Logistics has pledged to back its UK division until “at least” September 2020, after the Lichfield-based firm saw its operating loss almost double last year. According to its latest annual results for the year to 31 December 2018, the company saw its operating loss swell to £2.4m (2017: loss of £1.7m). This was despite turnover rising to £75.6m (2017: £74.9m), which the company attributed to its contract logistics division moving from […]
TNT UK’s pre-tax loss ballooned to £22.1m last year ahead of its acquisition by FedEx Corporation in May 2016.
John Hackling (Transport) saw pre-tax profits rise 41% last year, boosted by its newly opened depot in Swindon and Palletline’s decision to base a new regional hub at the depot during the period.
Cambridgeshire-based Knowles Transport slipped into the red after operational issues at its – at that point – newly opened Wisbech DC resulted in “significant costs”.