Maritime Transport saw increases in its turnover and profits last year as it continued on its decade-long growth. The Suffolk logistics giant added another £24m to its revenues in the year ending 27 December 2019, bringing full-year turnover to £329m. Pre-tax profit increased by 16% to £9.4m. In its strategic report the company, which employed more than 2,100 drivers during the period, said turnover had now doubled in the last five years and reflected its “commitment to expanding into the […]
Over half the transport firms planning to secure bank lending in the next 12 months fear their request will be turned down, according to the results of the latest Close Brothers Business Barometer.
NWF Group, parent of Boughey Distribution, has recruited Brendon Banner as its new group finance director. Banner, who will take up his role in early November, is currently group finance director at steel engineering and fabrication group William Hare. He replaces Jonathan Ford, who is leaving NWF at the end of September to take up the role of chief financial officer at HomeServe. Earlier this month NWF reported that Boughey Distribution has seen turnover fall by £2.2m after the loss […]
Industry associations remain divided over the support the logistics sector requires during the COVID-19 crisis, with the Association of Pallet Networks (APN) demanding a fuel duty derogation and the FTA preferring the Treasury concentrate on alleviating fixed costs.