Miniclipper Logistics has reported pre-tax profits were down 22.4% at £796,176 for the year ending 31 May 2020 with turnover dipping by 3.9% to £14,699,129. However, MD Peter Masters said that although business for the Palletline member had been impacted by the initial lockdown, it has since “bounced back strongly”. “Ultimately it was a strong year,” he told motortransport.co.uk. “Before Covid we were beating budget. If you’d given me those figures considering what’s happened I’d have snapped your hand off. […]
Palletways has launched a new business strategy that it claims will allow it to “dominate the pallet sector for years to come”, seeing its 100-plus UK haulier membership enter a new phase of sustainable growth.
Yodel has made its sixth pre-tax loss in a row, two years after it failed to hit its self set target of turning its first profit.
City Link parent Better Capital has revealed it will inject more money into the the parcel carrier in a bid to turn the loss-making business around.