When Simon Hobbs says his induction as new Kinaxia boss wasn’t what he expected it sounds like the understatement of the year. Within weeks of taking the reins back in late January, the Covid crisis saw volumes across the group slump by 35% and cash quickly begin to drain. In what he’s since admitted became a “baptism of fire”, Hobbs was forced to reduce his staff by 33%, put another 584 people on furlough and park up 277 vehicles – […]
Prestons of Potto was back in the black in 2013, according to its recently published accounts.
Commercial vehicles have “a very big role” to play in reducing road transport carbon emissions in the future, according to the head of the Low Carbon Vehicle Partnership (LCVP). Speaking to Motortransport.co.uk after an event this week (29 January) marking the tenth anniversary of the public-private partnership, LCVP MD Andy Eastlake said both light and heavy commercial vehicles would play their parts in cutting emissions. To his end, LCVP is currently working on the development of a strategy to encourage […]
Whistl saw its pre-tax profit crash by more than 400% last year after ending its foray into the final mile delivery market, but predicts it will have recovered by the end of 2016.