Eddie Stobart Limited (ESL) slashed its losses by 77% in 2020 after exiting a number of “unprofitable” contracts, implementing cost cutting measures and applying a new accounting standard. However, its decision to turn its back on its “uneconomic” industrial, retail and bulk contracts also saw turnover fall by 7% in the period. ESL operates a fleet of around 2,200 trucks and 5,000 trailers and employs over 4,000 staff, based at 43 operating centres around the UK. Reporting its annual results […]
Knights of Old has said it expects to “reap the benefits of larger economies of scale”, after a full year of trading incorporating its 2013 acquisition of AE Parker saw pre-tax profit and turnover rise.
S&S Distribution, the Kent-based haulier snapped up by Palletline last year, recorded a pre-tax loss shortly after its purchase, newly published accounts show.
Wincanton is sitting pretty after a three-year contract award from Banbury-based beauty brand distributor DCS Group.