EFS Global boosted its revenue by 44% during the last financial year, new documents have revealed. The Burnley-based haulage and logistics business reported a turnover of £37.9m in the year ending 31 March 2020, an increase from £26.3m the year before. Gross profit grew from £4.3m to £5.2m over the same period, but additional costs resulting from a series of acquisitions saw pre-tax profit slide from £1.1m in 2019 to £647,000. In its financial results, the acquisition-hungry company said that […]
Bibby Line Group has agreed the sale of Costcutter Supermarkets Group (CSG) to Bestway Wholesale – the UK’s largest independent wholesaler.
EM Rogers (Transport) expanded its specialist car transporter business during its previous financial year, buying several enclosed car transporters and the associated customer-list from Advatec.
International Swiss-based freight and logistics business Kuehne + Nagel reaped the benefits of its long term growth strategy with record results in the 12 months to 31 December 2011. Globally, K+N saw net profit rise to CHF606m (£421m) on turnover of CHF19.6bn (£13.6bn), increases of 12.2% and 9% respectively after the effect of the strong appreciation of the Swiss franc against K+N’s major trading currencies was stripped out, according to Tim Scharwath, vice-president for global air logistics. In K+N’s four […]