Heavy investment by R Swain & Sons led to a dip in profits last year, but it has stood the national distribution firm in a strong position for the future, according to its MD. Latest financial figures showed the Rochester-based haulier added £373,000 to its turnover in the year ending 28 December 2019, with revenues of £65.8m. Pre-tax profit fell by £1.7m to £172,000, but Swain MD Matthew Deer said this was due to investment across its divisions: “We are […]
Implementing fleet optimisation software should be a transport firm’s first step to addressing the driver shortage, according to tech firm The Algorithm People (TAP).
Royal Mail Group has turned a loss into a profit in its UK letters and parcels arm as it revealed details behind its strategy to develop into a more parcels-focused business ahead of its planned privatisation. The Group’s first half profit for the six months ending 23 September leapt to £99m, from a loss of £41m in the same period a year ago. This came mainly as a result of a 5.6% rise in parcel volumes which now accounts for […]
Pall-Ex has moved to ensure coverage continuity in the South-west by buying Cornish network member Intercounty Distribution for £700,000. The company based on the Pennygillam Industrial Estate in Launceston has an O-licence for up to 22 vehicles and eight trailers. It has been a Pall-Ex member for 14 years. Pall-Ex MD Adrian Russell said: “The opportunity was presented to us after Intercounty’s MD Nick Coombes announced his retirement earlier this year. We are happy that Nick has decided to stay […]