Wincanton increased revenues by 16.3% to £1.4bn and saw underlying profits before tax soar to £58.1m, preliminary results showed. For the year ending 31 March 2022, the logistics group said it had achieved growth across all four sectors; eFulfilment was strengthened with the successful integration of Cygnia Logistics which it purchased during the period, public and industrial was boosted by contract wins and renewals with HMRC, DHSC and Defra and there was also growth in defence. Grocery and consumer saw […]
Glasgow haulier John G Russell (Transport) has warned the distribution sector of a “difficult” 12 months ahead as costs keep rising while rates and profit margins continue to stagnate. Alan Poulton, chief executive, logistics at the group, told MT the firm was finding it increasingly difficult to squeeze further efficiencies out of its operation and said that, in terms of rates: “We are not getting, and have not got for some time now, an increase that reflects the quality and […]
Getting groupage into Northern Ireland is “one of the hardest things to get right” a senior Cabinet Office official told a Parliamentary Committee this week.