Knights of Old Group has insisted it is on course to return to operating profitability this year after its latest results showed a £1.2m pre-tax loss. It said new deals in the contract distribution sector and the acquisition of Steve Porter Transport in August 2019 will help the business return to profit. Group turnover for the year ending 31 May 2019 rose to £58.6m from £56.3m the year before. It also more than halved its losses, after posting a £2.9m […]
The chairman of the All-Party Parliamentary Group on Freight Transport (APPG) has said a push to extend student loans to cover would-be HGV drivers is not dead, despite the government seemingly killing-off the proposal.
International Swiss-based freight and logistics business Kuehne + Nagel reaped the benefits of its long term growth strategy with record results in the 12 months to 31 December 2011. Globally, K+N saw net profit rise to CHF606m (£421m) on turnover of CHF19.6bn (£13.6bn), increases of 12.2% and 9% respectively after the effect of the strong appreciation of the Swiss franc against K+N’s major trading currencies was stripped out, according to Tim Scharwath, vice-president for global air logistics. In K+N’s four […]
Bartrums has posted a combined turnover of £26.7m for its road services and haulage and storage arms, down on the previous year’s results, but pre-tax profit showed an improvement.