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Latest news – Page 641
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Rates freeze contributes to profit drop at Arcese UK
Pre-tax profit at Arcese UK fell over 30% in the year to the end of December, accounts posted at Companies House have shown.Turnover at the Thurrock-based firm, which runs around 80 vehicles, rose almost 1.7% during 2013 to £24.07m (2012: £23.67m) but profits before tax fell to just under £259,000 ...
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Article
Seafield Logistics in administration
MT Top 100 company Seafield Logistics has been placed into administration.In a statement Grant Thornton confirmed it had been appointed as the firm's administrator today (11 June), with David Riley, Les Ross and Joe McLean handling the process.“Immediately following the appointment, the bulk powder transport business was sold to ...
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Article
Abbey Logistics buys majority of Seafield Logistics' bulk powder operation
Abbey Logistics Group has acquired the majority of the assets and customer base relating to the bulk powder transport business of Seafield Logistics.Seafield Logistics is a major player in the UK bulk powder transport market, with significant contracts in food and non-food markets. It ranked 55 in Motor Transport’s Top ...
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Morrisons extends reach of home delivery service
Morrisons has extended its home delivery service into Hull and Manchester as it continues with plans to offer grocery deliveries to 50% of UK addresses by the end of the year.Deliveries in the two areas began on Monday 2 June and follow the introduction of similar operations in Yorkshire, London ...
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Inglis promoted to chief development officer in DHL reorganisation
DHL Supply Chain Europe CEO Graham Inglis has been promoted to chief development officer as part of a management shake-up.Inglis (pictured right) will be responsible for global sales and marketing and DHL's sector and product teams. He will also take on responsibility for its global Service Parts Logistics and Life ...
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ArticleACS&T "best in the business" strategy boosts profit to £1.1m
Temperature-controlled operator ACS&T has said that making its operation and facilities some of the “best in the business” led to improvement in profit last year.Pre-tax profit was £1.1m in 2013, from £651,000 in 2012. Turnover for the year ended December 2013 was £20.5m, flat on 2012’s £20.47m.MD Malcolm Johnstone ...
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ArticleFortec Connects in bid to leapfrog rivals
FortecFortec will complete its most significant IT project in a decade by the end of the year, in a move it claims will put it ahead of its pallet network rivals and on par with the best the parcels sector can offer.Andrew Knowles, Fortec operations director, told MT: “If you ...
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Article
Trouble at TNT UK as it makes a loss
TNT UK saw its finances tumble into the red last year following the loss of a major contract, posting a £6.4m loss just a year after it quadrupled its pre-tax profit.In a year that saw it cut staff numbers and make managers in a number of departments redundant, TNT’s financial ...
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Article
Clipper Logistics secures five-year extension with Tesco
Clipper Logistics has won a five-year extension to its e-fulfilment contract with Tesco and will refit its Daventry DC.The new part of the contract will see Clipper make Tesco’s clothing ‘retail ready’ for deliveries to customers. Clipper has held a contract to provide e-fulfilment for the supermarket’s clothing range since ...
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ArticleCris Stephenson is the new Pall-Ex UK managing director
Cris Stephenson, UK MD, Pall-ExCris Stephenson has taken on the role of UK MD at Pall-Ex, succeeding Adrian Russell who becomes group MD, and assumes exclusive responsibility for the pallet network’s European operations.Stephenson, who joined Pall-Ex in 2011 and was assistant MD, said his first role would be to reorganise ...
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ArticleStrachota rebuilds Tesco distribution network
At almost 1m sq ft, Tesco’s giant flagship Reading DC is one of the largest grocery distribution sites in Europe.The opening of Reading in June 2013 on a former Courage brewery site is part of one of the largest change programmes in UK retail distribution history, overseen by Tesco distribution ...
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Article
NFT reveals more details of its plan to head south
NFT has revealed more details in regards its plan to venture south and open a substantial new facility, in its bid to take a larger slice of the UK’s £38bn imported food market.The operator, which revealed its plan to Motortransport.co.uk last month, hopes a new warehouse in the region will ...
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Article
UPS appoints David Abney as CEO
UPS has appointed David Abney as CEO. He replaces Scott Davis, who will retire later this year.Currently chief operating officer, Abney will take up his new position on 1 September. He started his career at UPS in 1974 as a part-time package loader and has since held numerous positions with ...
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Article
The scale of foreign-ownership in road transport
The UK is a hub for foreign investment. We drive cars made by the Koreans and Japanese, consume power made by the Germans and French, and eat American fast-food.Logistics is no different, as the Sunday Times Inward Investment Track shows, but the scale of foreign investment in British logistics is ...
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Millions more e-commerce parcels to be moved this year- but can it be done?
Growth in the online retail sector is expected to be much larger this year than previous forecasts had suggested, possibly putting more pressure on the parcel delivery firms that have already seen their resources stretched.Parcel carrier software firm MetaPack and online retail association IMRG now expect that 940 million parcels ...
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ArticleWho is bigger? Norbert Dentressangle or Wincanton?
Back in April 2013 Norbert Dentressangle said that its UK business accounted for 32% of its €3.88bn turnover, approximately €1.24bn. It was a 55% rise in turnover for ND’s activity in the UK (its second largest market outside of France) as it felt the significant benefit of a full year ...
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Wincanton now "leaner" as pre-tax profit booms
Wincanton is now a “very different organisation” to what it was a few years ago, as the company increased turnover, more-than doubled pre-tax and continued to reduce its net debt in financial year 2013.The boom in construction activity in the UK also helped push turnover at Wincanton up to £1.098bn ...
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Article
Clipper share price rises on first day of IPO
Clipper Logistics Group saw its share price rise steadily over its first day of trading fully on the London Stock Exchange (LSE) yesterday.At the end of trading on Wednesday 5 June, the firm’s share price had risen to 121p from 100p at admission. 100m ordinary shares were offered on ...
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ArticleDriver behaviour 'key' to reducing fuel consumption
With fuel being up to and in some cases over 30% of operating costs, for hauliers getting the most out of every litre bought is crucial. MT met with Shell at the Shell Eco-marathon recently to hear how they believe a holistic approach can make the difference.Getting each litre of ...
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Arrow XL makes two million deliveries since rebrand
Two-man delivery firm Arrow XL has revealed it made over two million deliveries in its first year of trading under its new identity.The Yodel sister company previously traded as Yodel XL, but launched its new branding in March 2013. Since then it has made two million deliveries, including next-day and ...