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 […]
Growth in haulage rates slowed almost to a halt in the first three months of the year, according to the latest figures from the Office for National Statistics (ONS). Average haulage rates grew by just 0.1% against a 2005 baseline in the first quarter of 2013, down from 0.2% during the final quarter of 2012, the latest Services Producer Price Index from the ONS has revealed.
Dartford-based independent HGV rental company Truckfast Truckserve is being wound up after liquidators were appointed to the firm.
The developer behind Britain’s first lithium-ion battery gigaplant for the automotive and renewable energy sectors has stepped up its bid to begin construction in South Wales.