The profitability of the Cartwright group was already on a “downward trajectory” before the advent of the coronavirus pandemic, with margins impacted by loss-making contracts, according to administrators. In a report to creditors, Michael Magnay and Daniel Smith at Deloitte LLP said the closure, break-up and sell-off of one of the UK’s leading trailer manufacturers was precipitated by losses in its largest business: S. Cartwright & Sons (Coachbuilders) (SCSC). The report said: “In recent years, the group has focused on […]
Kuehne+Nagel said 2020 was a year of two halves, with a weak first semester followed by a strong second resulting in a group net turnover of CHF 20.4bn (£15.8bn).
Kuehne+Nagel’s decision to sell a major part of its UK business last year resulted in a 9.3% fall in turnover in its international contract logistics division in the first quarter of 2021, the group reported this week.
ACS&T has signed a new five-year contract extending its work for Italian food manufacturer Ticco Foods. The firm, which runs two Ticco-liveried trucks, will receive inbound goods at its Wolverhampton depot from suppliers in the UK and Italy, create consolidated loads and deliver them to customers nationwide in the food service sector – primarily restaurants and high street retailer cafes, wholesalers and brokers, said ACS&T MD, Malcolm Johnstone (pictured, right). Deliveries will take place five days a week. Jay Sanghera […]