UK haulage operators are estimated to see £7.5bn wiped off their turnover this year as the “catastrophic impact” of the coronavirus continues, according to the International Road Transport Union (IRU). The turnover loss is 26% higher than estimated in the summer and has prompted the IRU to urge the government for immediate action or else face up to “a shocking number” of bankruptcies in the coming months. The IRU research is an update to its June report on the impact […]
Stobart Group saw turnover in its core transport and distribution division climb in the first half of its financial year despite “considerable demand volatility”, although profit was flat.
The Reed Boardall Group has appointed a new MD of transport as part of efforts to get the business back on track after an 80% profits plunge last year.
Expansion into international distribution should add around £1m a year in turnover this year, Manchester-based operator AK Worthington (AKW) has predicted. Having started daily services to nine overseas countries with weekly services to eight more, contributed to a 5.9% rise in the year to 30 June 2012 in annual turnover to £10.66m (2011: £10.06m) AKW’s turnover in the year was also boosted by passing more business through haulage consortium Partnerlink, which it is a shareholder in. Although AKW’s profit before […]