David Hathaway Transport increased profits by more than 52% before it was acquired by Kinaxia last year, recently published results show. The Bristol-based transport, storage and haulage contractor made a pre-tax profit of £688,000 in the year ending 31 May 2019, compared with £451,000 the year before. Turnover also rose by 11% to £15.6m during the period. The company said the increase in sales revenues was due in the main to new business in its existing customer base. Read more […]
City Link will need to improve account management and customer service if it is to become profitable again, analysts said, following its sale to private equity investor Better Capital.
Boughey Distribution’s profit took a hit after it ran out of warehousing space and was forced to outsource some of its storage operation last summer.
Aberdeen transport and logistics provider ARR Craib has taken delivery of 15 new Iveco Stralis 6x2s and 45 SDC triaxle curtainsided and platform skeletal trailers in a long-term rental deal with Ryder.