Palletways increased turnover by 4% last year, due to more members joining the network, but it warned that Covid-19 is expected to have an impact on its financial performance. Latest results for Palletways (UK) showed that in the year ending 30 June 2019, revenues for the pallet network grew to £197.9m, up from £190m the year before. Pre-tax profit fell by 18.8% to £14.9m and earnings before interest, tax and amortisation reduced by 23% to £13.6m, “reflecting the cost challenges […]
South West Delivery Services owed almost £1.3m to creditors when it was placed into liquidation in June.
UPS has confirmed its introduction of a surcharge on UK customers to reflect disruption caused by the Covid-19 outbreak and rocketing demand for online goods.
The RHA is calling on the government to support the haulage industry after 6,500 responses within 36 hours to a survey of hauliers showed that 46% of the UK truck fleet – around 240,000 vehicles – is now parked up with no work.