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 […]
The large-scale transition to electric commercial vehicles and economic recovery can only be achieved if a “favourable” Brexit deal is thrashed out, according to the SMMT.
The government has given supermarkets the go-ahead to ramp up night-time deliveries and is looking at extending delivery drivers’ hours to ensure stores remain stocked during the coronavirus outbreak.
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.