Operators struggling to meet financial standing can now be offered a period of grace of up to a year to get themselves on a firmer footing, according to transport lawyers. Laura Hadzik, solicitor at Backhouse Jones, said the maximum period had been extended by six months to 12 months “for assessments of inadequate finance made between 1 March and 30 September 2020″. She added: “We don’t have any further details yet, it only came through last night [4 June] but […]
Turnover and profit both rose by some 12% last year at Newmarket, Suffolk-based Turners (Soham), as a prudent approach to rates and new business continued to pay off. In the 12 months to 31 December 2011, turnover jumped 11.9% to just under £235m (2010: £210m); while pre-tax profit rose 12.5% to £24.3m (2010: £21.6m). All three of the firm’s divisions enjoyed a significant boost during the period, with turnover up 7.69% in the temperature controlled division, 10.63% in the general […]
The industry’s two main trade associations have welcomed the start of a trial in Liverpool designed to test the effect on congestion of removing the city’s bus lanes.