CEVA Logistics saw its turnover fall by 10% last year due to the non-renewal of existing contracts. However, figures published for the year ending 31 December 2019 showed that the logistics company increased pre-tax profits by £7.7m to almost £10m. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose to £21.8m from £15.5m in 2018 and the company said the improvements were driven by “a decreased cost base and improved financial controls”. In its strategic report, the company explained that […]
Hermes has revealed record results at its UK division, with revenue up 22% in 2011. The parcels company says this reinforces its position as the country’s second-largest home-delivery business. Revenue stood at €303m during 2011, up from €248m in the previous year. Hermes says its UK arm handled more than 140 million parcels during the year, as demand for its home delivery services increased with online retail sales. Carole Woodhead, chief executive at Hermes UK, says: “Our UK business has […]
Knowles Transport turned in a strong performance last year, with significant increases in revenue and profits – and its MD said he remains cautiously optimistic about the future.
Heywood, Lancashire logistics firm Yearsley Group has begun taking delivery of the first of 26 new trucks and 50 new trailers being added to the fleet to cope with additional business.