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 […]
XPO Logistics has been awarded the contract to manage a new fulfilment centre in Lichfield, Staffordshire for online fashion retailer ASOS.
XPO Logistics has renewed its contract with Asda Stores to provide reverse logistics and asset management services for the next three years.