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, […]
The cost of rolling-out and running Whistl’s end-to-end final mile delivery service had exceeded £10m by the end of 2014, newly published accounts reveal.
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.
Rising driver wages and greater use of agency staff to combat recruitment difficulties contributed to a second year of reduced profit for Felixstowe-based container haulier James Kemball.