Meachers Global Logistics enjoys profit hike despite driver shortage


 

Meachers Global Logistics has posted an increase in turnover and profits, but said rising costs and a shortage of drivers is proving challenging. The Southampton-based logistics company increased group turnover by 17.2% to £30.6m in the year ending 31 May 2019. Pre-tax profit increased by 16.5% to £2.2m. In its review of the business, the company said the “significant increase in activity was achieved with an increased number of staff and agency labour”. It added: “Employee numbers increased by 4% […]