Matlock Transport Company, the family run general haulier founded more than 70 years ago, has ceased trading. Insolvency practitioners from Sheffield-based Hart Shaw LLP were appointed on 11 September to help liquidate the business. The company was founded in 1946 by Richard Lowe, before brothers Eric, Alf, George and Charles took an active role and began to grow the business. Third generation cousins Julian and Richard Lowe were most recently at the helm and the Darley Dale company operated 46 HGVs and […]
Glasgow haulier John G Russell (Transport) has warned the distribution sector of a “difficult” 12 months ahead as costs keep rising while rates and profit margins continue to stagnate. Alan Poulton, chief executive, logistics at the group, told MT the firm was finding it increasingly difficult to squeeze further efficiencies out of its operation and said that, in terms of rates: “We are not getting, and have not got for some time now, an increase that reflects the quality and […]
TNT UK saw its finances tumble into the red last year following the loss of a major contract, posting a £6.4m loss just a year after it quadrupled its pre-tax profit.
Removals firm Pickfords suffered a small decline in turn-over and profit in the last financial year but still managed to keep well ahead of its performance two years ago.