Temperature-controlled operators need to act now to avoid an overnight increase in fuel costs when the red diesel rebate is withdrawn, refrigerated systems manufacturer Hultsteins is warning. In less than a year, new laws to clean up air will be introduced, which involves the removal by HM Revenue & Customs (HMRC) of the rebate for red diesel for most sectors. Currently, red diesel attracts duty at 11.4p per litre and this will increase to the current white diesel level of […]
Some of road transport’s biggest companies could face a hit to their cash flow after the chancellor signalled he was bringing forward corporation tax deadlines forward yesterday.
Stobart Group’s transport and distribution division, Eddie Stobart, saw revenue grow but profit fall in its most recent trading year, as it failed to cover increased costs through rate rises. For the 12 months ending 29 February turnover rose to £519.5m from £475.3m a year ago. However, pre-tax profit fell from £34.2m to £27.4m, due to cost increases of £4m “which have not been fully recovered through rate increases, mainly due to the increase in our customers’ costs”. Furthermore, £11.4m […]
Refrigerated distribution specialist FreshLinc has taken delivery of four new longer semi-trailers from Gray & Adams. The four 14.6m long trailers, fitted with Carrier Vector dual-temperature fridges and BPW self-steer axles, can carry 28 pallets each – two more than a standard 13.6m trailer. They will be used for intensive trunking operations between Spalding, Lincs, and Scotland. Group fleet engineer Andy Marchant told MT.co.uk the trailers, which cost around £220,000 in all, had been constructed with extra strengthening components a […]