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 […]
Losses at the company which operates the M6 toll road continued to mount last year as the volume of traffic using the route fell.
The cabotage rights of EU hauliers in the UK could be suspended if the EU does not agree to allow UK hauliers continued access to Europe in the event of a no-deal Brexit, the UK government has warned.
Food logistics specialist Associated Cold Stores and Transport (ACS&T) took a pre-tax profit hit last year after a major customer terminated a contract with the company.