How will transport and logistics look after Covid-19 has eventually receded? There is no shortage of companies who would like the answer to that question and visitors to the Commercial Motor Show conference gained some valuable insight in a special panel discussion. Speakers included former John Lewis partnership COO Dino Rocos, Clipper Logistics chief executive Tony Mannix, head of sales – transport at Wincanton Steven Cleary, and British Vehicle Rental and Leasing Association (BVRLA) director of corporate affairs Toby Poston. […]
Are there signs of recovery? Well, if the MT basket of transport shares is anything to go by there has been a little bit of growth in the past month. But this doesn’t tell the full story for all of our big eight transport firms listed on the London Stock Exchange.
TNT Express has seen a drop in both turnover and operating profit, following the loss of a contract with a major fashion retailer in the UK.
Pressure on rates has led to Felixstowe-based container specialist Macintyre Transport reporting a 9% fall in pre-tax profit despite a near 11% rise in turnover. Turnover in the year to 30 April 2012 rose from £19.3m to £21.4m due to organic growth, said chairman Harvey Macintyre; pre-tax profit, however, fell from £895,000 to £813,000. Much of the profit slide was attributable to stagnant rates, said Macintyre. “We have been very proactive in taking costs out of the business since 2008, […]