Archbold Logistics tripled its pre-tax profit last year by mitigating the effects of Covid-19 and withdrawing from less profitable work. The distribution specialist saw turnover fall by 3.2% to £16.8m in the year ending 31 December 2020, but profit increased to £384,000 from £128,000 the year before. The company said it had developed new key customers during the period and continued to cement relationships with long term key clients, while “progressively withdrawing from business that is insufficiently profitable”. Read more […]
South Wales haulier John Raymond Transport suffered a drop in pre-tax profit of over 99.7% in the last financial year, accounts lodged at Companies House have shown.
City Link has ordered 85 new Lawrence David single-decker trailers in the second stage of its strategy to update 40% of its trailer fleet by the summer.
C Butt Logistics has remained in profit for the second year running after turning its back on the retail logistics sector.