Global group Gefco, which owns Gefco UK, saw revenues fall by almost a fifth last year after Covid-19 forced the closure of its customers’ car manufacturing plants. Announcing its results for the year to 31 December 2020, Gefco, which is 75% owned by Russian Railways and 25% owned by Peugot, Citroen and Vauxhall manufacturer, Group PSA, revealed a 19.7% drop in overall revenues to €3.8bn (£3.3bn). The group’s finished vehicle logistics (FVL) division saw its turnover plunge by almost 22% […]
Wincanton saw revenue grow by 1.7% to £1.2bn in the year ending 31 March 2021, fuelled by strong performances in digital and e-fulfilment and new wins in the public sector.
Wincanton saw annual turnover fall in the year ended 31 March 2019 but profit increase, thanks to a strong performance in retail that offset contract losses elsewhere.
UPS has confirmed its introduction of a surcharge on UK customers to reflect disruption caused by the Covid-19 outbreak and rocketing demand for online goods.