DHL Supply Chain subsidiary Tradeteam is bracing itself for further job cuts and losses of up to £7m as a result of the impact of the Covid-19 pandemic on the hospitality sector. Reporting its latest annual results, to the 31 December 2019, the company, which specialises in drinks distribution, warned that the pandemic will have a long-term impact on the hospitality sector, with volumes expected to “never recover to historic levels”. It warned that it expects to recognise additional onerous […]
Nelson Distribution was profitable in its final year of trading before it became part of the Knights of Old Group, newly published accounts show.
UK commercial vehicle production for the domestic market returned to growth in February this year, following five months of decline, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT).
Logistics business groups have welcomed the Chancellor of the Exchequer’s series of measures to get the economy back on its feet, but warned that further initiatives are needed to prevent a slew of job losses.