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 […]
Hermes has revealed record results at its UK division, with revenue up 22% in 2011. The parcels company says this reinforces its position as the country’s second-largest home-delivery business. Revenue stood at €303m during 2011, up from €248m in the previous year. Hermes says its UK arm handled more than 140 million parcels during the year, as demand for its home delivery services increased with online retail sales. Carole Woodhead, chief executive at Hermes UK, says: “Our UK business has […]
The government’s furlough scheme has proven to be a lifeline for Scottish haulier John Mitchell (Grangemouth) during a “tough” trading year.
Meachers Global Logistics has signed a five-year agreement with broadband provider Toob to act as its national distribution centre across the south of England.