Co-op has blamed “product availability issues” and the effects of Covid after it slipped into the red during the first half of the year. It also warned that unplanned supply chain challenges and the ongoing costs of Covid would bring greater levels of uncertainty and apply pressure on its prior expected level of profitability for year end. Underlying operating loss before tax was £15m, down £71m from last year’s profit of £56m but it said it was generally consistent with […]
Clipper Logistics delivered record revenues of more than £500m last year, boosted by a strong e-fulfilment performance and some “value-enhancing” acquisitions.
Over half the transport firms planning to secure bank lending in the next 12 months fear their request will be turned down, according to the results of the latest Close Brothers Business Barometer.
International delivery specialist ParcelHero is warning of delays to Amazon and other e-commerce orders following the log jam created in the Suez Canal by the stranded cargo ship, EverGiven, which was finally refloated yesterday (29 March).