UPN has hailed the “significant progress” it made last year, after turnover grew by almost 4% to £9.9m. The pallet network also saw a reduction in its pre-tax profit for the year ending 31 March 2020, to £2.4m from £3.4m in 2019. However, it said that when adjusting for duplicated costs across two sites; dilapidation costs at its old site and move costs associated with its new Lichfield SmartHUB in May last year, UPN had turned in “an excellent performance” […]
City Link cut its first quarter losses by more than a third but remained loss-making ahead of its sale to turnaround investor Better Capital.
Transport and logistics firm Rhys Davies & Sons marked its sixtieth anniversary last year with a 58% rise in profit, the firm’s latest annual results statement has revealed.
Glasgow haulier John G Russell (Transport) has warned the distribution sector of a “difficult” 12 months ahead as costs keep rising while rates and profit margins continue to stagnate. Alan Poulton, chief executive, logistics at the group, told MT the firm was finding it increasingly difficult to squeeze further efficiencies out of its operation and said that, in terms of rates: “We are not getting, and have not got for some time now, an increase that reflects the quality and […]