The collapse of British Steel stopped Prestons of Potto making a profit last year, but its owner said the Northallerton company was now back in the black. Its latest set of results, for the year ending 31 December 2019, showed that the haulage and warehousing company made a turnover of £16.4m, down 1.4% from the year before. It also made a pre-tax loss of £97,000, although this was a significant improvement compared to its loss of £427,000 in 2018. The […]
The acquisition of administration-hit Elite Transport Services pushed Deben Transport into the red last year.
Glasgow haulier John G Russell (Transport) has warned the distribution sector of a “difficult” 12 months ahead as costs keep rising while rates and profit margins continue to stagnate. Alan Poulton, chief executive, logistics at the group, told MT the firm was finding it increasingly difficult to squeeze further efficiencies out of its operation and said that, in terms of rates: “We are not getting, and have not got for some time now, an increase that reflects the quality and […]
Knights of Old delivered a “strong financial performance” in the year ended 31 May 2016 despite challenging market conditions, according to its annual report.