Rhenus Logistics managed to increase turnover and profit last year in the face of an extremely challenging period. Revenue rose by 1.6% to £11.4m for the year ending 31 December 2020, with pre-tax profit increasing by 36.2% to £872,000. Turnover from its transport business dropped slightly to £6.1m during the period, compared to £6.2m in 2019. Warehousing and storage accounted for £5.4m (£5m). Read more Rhenus secures fourth warehouse on Magna Park Rhenus slashes Swoon delivery failures under new two-man […]
Volvo is offering hauliers the opportunity to defer fees for the first three months and take an annual two-month payment holiday in an effort to help them keep fleets rolling.
A company set up to buy the business and assets of Slough-based Mark Priestley SDT, which entered insolvency proceedings last year, has failed to make payments in line with the agreed terms, according to the administrator.
DX Group said significantly increased volumes would result in revenue growth £10m higher than previously anticipated and as a result it would repay government support provided during the pandemic.