Howard Tenens Logistics saw its profits hit as a result of losses made by its subsidiary, Howard Tenens (West London) after two major customers’ volumes dropped by up to 90%. Reporting its annual results to 30 September 2020, Howard Tenens Logistics said its diverse customer base and support from loyal clients has helped it weather the pandemic with turnover up by 13% to £74.8m (2019: £66.6m). However its pre-tax profit plunged to £268,000 (£4.7m) after the company was forced to […]
TNT Express has seen a drop in both turnover and operating profit, following the loss of a contract with a major fashion retailer in the UK.
DX Group’s new management team said last week that its turnaround strategy was gathering pace at the embattled business.
Kinaxia Logistics chief executive Simon Hobbs (pictured) has welcomed today’s (March 11) Budget in which the Chancellor promised that the NHS will get “whatever it needs, whatever it costs” to tackle the coronavirus outbreak.