Croydon operator PF Whitehead Transport Services has hailed its staff’s resilience after profits increased by 152% during a period of multiple pandemic lockdowns. The warehousing and logistics firm reported a £1.5m pre-tax profit during the year ending 31 July 2021, up from £577,000 in 2020. Turnover dropped to £4.3m from £7.2m, but the company said it had continued to operate throughout the year and had created a safe environment for its employees with appropriate social distancing and extra hygiene measures […]
Fergusons Transport increased profits by 38% last year, despite it being forced to tackle problems arising from the pandemic, supply chain difficulties and spiralling costs of fuel and wages.
Eddie Stobart’s holding company GreenWhiteStar Acquisitions (GWSA), which was sold to Culina Group last week, made a £15m loss last year and had net debts of £144.5m.
As Scania Trucks announced a week-long shut down at its European plants today (31 August), due to the global shortage of semi-conductors, other truck manufacturers told MT they are also struggling with the shortage and warned of extended lead times on truck orders next year.