Hellmann Worldwide Logistics saw revenue reduce by 5.3% last year as it battled the twin challenges of Brexit and the Covid-19 pandemic. Latest financial results for the year ending 31 December 2020 showed that turnover at the global freight forwarding and logistics service dropped to £80.1m from £84.5m in 2019. Air and ocean freight made up the bulk of its turnover (£56.9m), with road freight generating £17.4m and contract logistics £5.8m. It also turned in a pre-tax loss of £1.8m, […]
Transport sector could cost Treasury up to £1.2bn in Bounce Back Loan Scheme defaults, researchers warn
The transport industry could cost the Treasury £1.2bn in Covid-19 loan defaults, according to research by Business Rescue Expert.
A new system of managed migration will allow the road transport industry to recruit skills internationally after the United Kingdom leaves the European Union, Chris Grayling, Secretary of State for Transport, has assured operators.
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