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 […]
Purfleet-based Youngs Transportation & Logistics has acquired North West Cargo (NWC) in Warrington, adding another 44 vehicles to its fleet and providing it with the presence in the North that its major clients have reportedly demanded.
Competition for HGV drivers is pushing wages up and heaping pressure on operators, warns Meachers Global
Rising driver wages look set to exacerbate the current squeeze in labour supply, Meachers Global Logistics MD Stuart Terris has warned. Commenting on the financial performance of the firm in the year to 31 May – which notched up a 25% increase in turnover with a 67% rise in pre-tax profit – Terris pointed to the ongoing driver shortage and fuel price volatility as the two main operational headwinds facing the company. On the former, he said: “We’re on top […]
Acumen Automotive Logistics claims it can triple its turnover in three years after winning a three-year contract with Jaguar Land Rover (JLR).