Air freight haulier Saints Transport more than tripled its losses in the 18 months to 30 June last year. In its latest financial results the family firm, which is based at Heathrow, revealed that, despite increasing turnover to £34.8m (2017: £24.3m) in the period, its losses almost trebled to £1.5m (2017: £497,837). Saints Transport’s gross profit margin fell from 22.7% in 2017 to 18.62% in 2019, which the company said was the result of oil price rises. In its strategic […]
Arcese UK reported a £2.9m increase in turnover last year, but profit slid further into the red, with the firm making a £939,000 pre-tax loss “due to increasing business costs”.
New heavy goods vehicle (HGV) registrations increased by 9.5% in the first three months of 2021, signalling signs of recovery from the impact of the Covid-19 pandemic, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT).