A haulier within the AET Transport Group of companies has been placed into liquidation following sustained losses compounded by the impact of the coronavirus. Andrew Trotter, AET Transport MD, told motortransport.co.uk its Andover operation closed on 9 May and all staff were made redundant. He said: “The Andover depot is the only part of AET that has been affected with the downturn in business, partly due to the Covid-19 problem but it has been loss making for some time and […]
The government should stimulate the economy by creating a quantitative easing programme for people rather than banks, according to Clugston Group CEO Stephen Martin.
Fakenham, Norfolk haulier Jack Richards & Son has reported a 56% rise in pre-tax profit, and £2.3m rise in turnover, for the year ending 31 May 2012. The firm said the increase was down to a number of factors, including a slight hardening in rates, successful efforts to improve fuel consumption, a fortuitously-timed Christmas break and a number of new contracts that helped cut empty running. Turnover at the vehicle operator rose almost 9% during the year, from £25.6m to […]
Widnes-based Suttons Tankers is on the look-out for further acquisitions as it gears up its growth plans, according to MD Michael Cundy.