Kinaxia’s acquisition of AKW Group and Fresh Freight helped deliver a 48% rise in revenues in 2019, but the group’s continuing acquisition drive and IT investments contributed to a loss of £1.8m in the period. According to the company’s latest annual results for the year to 31 December 2019 the company saw revenue leap to £169.9m (2018: £114.9m). However pre-tax losses increased to £1.8m from £755,540 in the previous year. Kinaxia, which runs a fleet of 845 vehicles, employs over […]
Cambridge-based James Dolan Group has bought Ipswich haulage firm Dooley Rumble for an undisclosed sum.
Royal Mail’s “astonishing reversal of fortunes” after the online shopping surge during the pandemic means it expects to make an adjusted operating profit of £700m, more than double last year’s £325m.