The Reed Boardall Group has defied rising costs and fierce competition in the transport sector to deliver a 13% rise in underlying pre-tax profit. Reporting its latest annual results to 31 March 2019, the Yorkshire-based cold storage and distribution business unveiled a 3.85% rise in underlying turnover to £62.8m from £61.6m. The company said: “Turnover increased by 1.89% compared to the previous year but 2018 was slightly longer than 2019 due to the inclusion of an extra week. The increase […]
The road transport sector saw a significant leap in both the money it is owed by creditors and what it owes to suppliers and contractors during the first quarter of the year, new data from Creditsafe shows.
Optimism in the logistics sector is at its lowest level in 12 years, according to the latest Logistics Confidence Index, with companies citing uncertainty over Brexit and the ongoing driver shortage as key contributors to falling levels of confidence.
By the time the Beast from the East had done its damage and spring was finally making itself known, official figures showed that there had been 574 insolvencies in UK logistics during the first three months of 2018.