Tuffnells has returned to profit just six months after being bought by the firm’s management team in May this year. Dubbed ‘The Big Green Parcel Machine’ after its fleet of 1,200 green trucks, the Sheffield-based firm employs 2,300 staff and specialises in delivering mixed freight and items of irregular dimension and weight (IDW). When it was sold by Connect Group in the midst of the Covid-19 pandemic lockdown the company was making losses amounting to around £14m on annual revenues […]
Stobart is still restructuring the former Innovate business it acquired out of administration in 2008 – a process that has been “more challenging, costly and further reaching than first planned”. The admission came as Stobart Group revealed profit rose 10% at its transport and distribution division (Eddie Stobart) to £14.2m in the first six months ended 31 August. This was despite a 5.6% fall in turnover to £251.1m. “We have improved our margins in [Eddie Stobart] through more effective financial […]
The HSE has had a “massive” injection of funds to investigate firms whose business practices fail to adhere to social distancing practices in light of the Covid-19 pandemic, a transport solicitor has warned.
Palletforce and NFT Distribution owner EmergeVest has bought CM Downton for £75m.