Abbey Logistics Group has seen a significant improvement in its financial performance over the past six months, despite the impact of the Covid-19 pandemic, chief executive Steve Granite said this week. The improved performance follows major structural and operational change, contract renewals and a number of major deals with new customers. Granite said: “Performance in the current financial year to June 2020 has seen a major improvement on previous years and a return to profitability since earlier this year. “I […]
Cardiff haulier Rhys Davies suffered a 50% fall in revenue with losses mounting to £3.5m in the year after it was bought by Cathay Investments, motortransport.co.uk has learnt.
The MT Top 100 largest operators in the UK run on an average margin of just 2.6%, and this comes after the industry became more profitable in 2012.
Wincanton has invested in 80 new Euro- 6 Renaults and Mercedes-Benz as part of its drive to increase efficiency and reduce the environmental impact of its operations.