Japanese-owned Yusen Logistics UK saw pre-tax profits leap in its latest financial year helped by a new healthcare deal and rising demand for warehousing as healthcare clients stockpiled ahead of Brexit. However, the Northampton-based logistics firm, which counts Seiko, Mitsubishi, Honda, Halfords and AstraZeneca among its clients, warned that revenue will be hit this year due to the effect of the Covid-19 pandemic on business – although it predicts that its broad range of clients will help ameliorate the impact. […]
Cambridgeshire haulier Welch’s Transport has admitted its figures for April will be “a disaster” as it struggles with only 60-70% of normal volumes.
The UK road transport sector saw a 20% surge in suppliers’ bad debts in the second quarter of 2017, according to the latest Creditsafe Watchdog Report.
UK Pallets, the pallet network owned by UK Mail Group, was rocked by a 64% collapse in year-on-year profits in the year to 31 March, its parent company has revealed.