“Allowing directors to ‘have another go’ if they are not culpable is an important part of our enterprise culture, and can sometimes benefit suppliers of the failed business as they may wish to trade with the new business.” Believe it or not this comment came from the Department for Business, Innovation and Skills (BIS) as it announced its review of pre-pack administration legislation on Tuesday. Would it be too harsh to infer that, as a result of this statement the […]
A very quiet week on the Stock Exchange for transport-related shares – ahead of City Link’s numbers tomorrow (15 March). All eyes will be on Rentokil’s parcels arm to see if it posts a full-year profit. But it hasn’t stopped a rather telling trend in the past week…
The RHA has welcomed the DfT’s decision to relax cabotage rules for car transporter firms during the new number-plate peaks in March and September, but warned that it should not be extended to other sectors.
Following the themes of recent weeks the big winner in the Motor Transport tracker is Hargreaves Group – even if the performance of its transport group is slightly off target.
Are there signs of recovery? Well, if the MT basket of transport shares is anything to go by there has been a little bit of growth in the past month. But this doesn’t tell the full story for all of our big eight transport firms listed on the London Stock Exchange.
On 5 September David Price Food Services entered a Company Voluntary Arrangement (CVA) that will see its unsecured creditors paid 38p in the pound on debts of about £2.1m. The Hub has just obtained a copy of the Newcastle hauliers’ financial report for the year ending 25 August 2012 – which contains several details regarding the chilled food specialists’ current financial state.
In June 2011 Harlequin Logistics- the network comprising of Prestons of Potto, John Raymond Transport, R Swain & sons, Jack Richard & Son and Currie European – was launched with much fanfare. Last year we revealed that it had won a contract with Kelloggs – its first big win – but there are well-sourced rumours of new contracts…
The average price of a litre of bulk diesel is just 0.75p off the all-time record set at the end of March last year, according to a survey of Road Haulage Association members.
Suttons Groups’ UK tanker division has won a contract with Total UK for the distribution of petroleum products following a competitive tender.
Looking at this week’s share prices it is easy to pick out Hargreaves as the best performing company in road transport. And you wouldn’t be far wrong, if you’re measuring it over the past four weeks. The upturn is pretty stark. But it doesn’t tell the whole story…