The holding company for Eddie Stobart said revenues had increased by 2% for the year ending 30 November 2020, to £874.3m. GreenWhiteStar Acquisitions (GWSA), which as well as Eddie Stobart also includes Eddie Stobart Europe, iForce, The Pallet Network, Logistics People and an investment in Speedy Freight, said underlying EBITDA profit during the period was £47.8m, compared to £4.2m the previous year. The company said the impact of changes in accounting standards – IFRS 16 – further increased its underlying […]
Losses deepen at Currie Solutions in the face of Amazon cuts, “fierce” competition and driver shortages
Amazon’s drive to use “cheaper hauliers” combined with “fierce” competition, tight margins and the driver shortage have seen Currie Solutions’ pre-tax losses almost quadruple.
Conditions in the road transport market have “never been more challenging” the chief executive of Gregory Distribution has said.
Felixstowe-based haulier James Kemball’s investment in additional fleet appears to have paid off with a 9% rise in turnover and 32% jump in pre-tax profit.