Gefco UK has attributed a drop in turnover and profit to “Brexit-related” concerns and new accounting procedures. The Coventry-based firm, which is part of global group Gefco, specialises in automotive logistics and industrial supply chain services. French company Group PSA, which owns Peugeot, Citroën and Vauxhall, holds a 25% stake in the business, having sold off 75% of its stake in the business to Russian Railways in 2012. Gefco UK, which has 13 depots across the UK, employs over 600 […]
15) David Wells Title: Chief executive, FTA Wells succeeded Theo de Pencier as chief executive of the FTA at the beginning of May. It’s unusual that the chief executives of both associations are starting their period in office at similar junctions, which makes it hard not to make comparisons with the RHA’s Richard Burnett.
Uncertainty over the immigration system after Brexit next year will compound the industry’s driver shortage and goods and services could grind to a halt, according to an FTA report.
Leaving the EU without a deal would be “absolutely dreadful” for truck makers and buyers alike, making new vehicle acquisition prohibitively expensive, according to manufacturers.