Latest figures from Massey Wilcox show that it increased revenue by 8.3% but profits fell as it struggled to pass on running costs, particularly wages. For the year ending 31 May 2019, it reported a turnover of £12m, up from £11.1m the year before. Pre-tax profit reduced by 24% to £638,000, with operating profit falling by 16.4% to £811,000. MD Robert Wilcox (pictured) said the company had been successful in attracting new business during the period, but less so in […]
Lenham Storage walked away from nonviable business last year rather than compromise its service standards, but the operator’s MD has warned that there has been no let-up in rate pressure since.
The transition from Norbert Dentressangle to XPO Logistics in 2015 saw the 3PL make strong turnover gains across its three primarily road transport based activities in the UK.
Lombard, the asset finance division of the RBS Group, is actively seeking funding opportunities in road transport, bucking the trend which has seen several lenders leave the market since 2008. Lombard’s head of commercial transport, Derek Pridmore, says it is not the case that operators looking to fund new vehicles have little choice but to use manufacturers’ captive finance offering. “We financed £250m of truck sales in 2011, making Lombard the biggest single funder of CVs in the UK,” he […]