Fergytrux, the Cramlington-based holding company of Fergusons Transport, increased turnover by 2.2% last year, thanks to performance improvements and Brexit stockpiling. Accounts for the year ending 30 September 2019 showed that the haulage and warehousing business also boosted its pre-tax profits to £205,000, from £89,000 the previous year. Turnover rose to £22.2m, up from £21.7m in 2018. Its haulage operations increased sales by 0.6% to £16.3m and warehousing increased by 4.2% to £4.3m. In a review of the business, the […]
John Mitchell (Grangemouth) has reported a significant rise in profit after cost-control measures and a focus on its warehousing arm.
Hargreaves Services is to “ration” expenditure in its logistics division after it suffered a 91% fall in operating profit last year due to competitive pressure.
Royal Mail’s parcels revenue has overtaken letters for the first time and now represents 60% of its entire turnover, according to the postal group.