Retail and e-tail logistics up but commercial vehicle sales down at Clipper Logistics


 

Clipper Logistics’ latest annual pre-tax profits took a hit after it agreed – following lengthy debates with its auditors – that a series of contracts signed at the end of the financial year should be included in the following year’s accounts. Tough trading conditions in the commercial vehicle market “exacerbated” by IVECO’s trading strategy also hit Clipper Logistics’ commercial vehicle division, resulting in a 20% revenue drop. Reporting its latest annual results to April 30 2019, the group said the […]