Nicholson Group owner David Nicholson says he has no regrets leaving the pallet distribution sector where he maintains margins are too low. The group’s exit came when its subsidiary Nicholson’s Transport went into liquidation in July last year, leaving debts of £1.7m, of which £354,749 was owed to The Pallet Network. Nicholson Group, which is based in Billingham, Cleveland, caused further controversy by launching Burnside Distribution from the same premises as Nicholson’s Transport, just days after the subsidiary went under. […]
Boughey Distribution parent NWF Group saw turnover at the division drop 14.2% last year and operating profit halved, due to difficult market conditions and poor consumer spending in supermarkets.
APC Overnight has reported larger parcel volumes this year as well as a greater uplift on its busiest day, after seeing increases in both turnover and pre-tax profit last year.
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.