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Latest news – Page 390
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Fowler Welch sees turnover climb but profit stall
Fowler Welch saw turnover climb 6% to £178.7m in the year to 31 March, although annual profit was pegged back due to operational inefficiency at certain depots.Topline growth was driven by two “significant contracts” that commenced mid-way through the financial year, as well as organic growth.In its results statement, parent ...
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Palletforce completes the sale of final haulier member, returning to its network roots
Pallet network Palletforce, which is part of the EV Cargo group, has completed the divestment of its haulier members.In a statement it revealed the sale of UK Freight Masters (UKFM) to TTT Logistics Group, which owns TPN member Allegro Transport and the Logistifix and Fleetfix businesses.Palletforce said that after moving ...
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ArticleOcado's Andover warehouse fire cost the business more than £100m
Online grocer Ocado has revealed the cost of the fire in February that destroyed its Andover customer fulfilment centre (CFC) to be £110.3m.The figure was reported in Ocado’s half-year results for the 26 weeks ending 2 June, which saw the business post a pre-tax loss of £142.8m (2018: loss of ...
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Clock ticking for DfT to secure additional ferry capacity ahead of Brexit, MPs warn
The DfT is running out of time to put in place additional ferry capacity ahead of the Brexit deadline of 31 October and is ill prepared for the possibility of a no-deal Brexit, the Public Accounts Committee has warned.The warning comes in the committee's report Brexit and the UK Border: ...
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Eddie Stobart Logistics increases turnover but feels profit pinch
Eddie Stobart Logistics’ (ESL) turnover increased 25% year-on-year in the half year period the group said today (9 July), but it also warned that profit would be at the lower end of expectations.In a trading statement, ESL said group turnover increased due to organic growth and a full first-half contribution ...
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New Wincanton boss to take reins from September
Adrian Colman’s successor will start his role as Wincanton’s new CEO on 2 September.James Wroath, who will be appointed to the 3PL’s board on the same day, is currently chief operating officer, North America, for Lufthansa subsidiary LSG Sky Chefs.Colman will step down as CEO and from the board with ...
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Doctors on Wheels medicals may invalidate fleet insurance, ABI warns
Operators could be in breach of their fleet insurance policies if their drivers’ medicals were conducted by Doctors on Wheels, the Association of British Insurers (ABI) has warned.The association is advising affected operators to contact their insurers to check whether their fleet insurance is valid.The warning follows DVLA’s announcement that ...
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ArticleMorrisons staff back ballot to strike as talks over Wincanton transfer continue
Unite is heading into further talks with Morrisons and Wincanton this week emboldened by support among affected members for a vote for industrial action up to a strike.The union confirmed that 88% of union members among the nearly 400 drivers and mechanics at Morrisons – due to be transferred to ...
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Axis Fleet Management Leasing in liquidation
An associated company of Axis Fleet Management, which entered administration in May, has collapsed into liquidation.Axis Fleet Management Leasing was an equipment contract hire company servicing the supply chain management, logistics and shipping industries.According to liquidators at FRP Advisory, it was wholly reliant on Axis Fleet Management, which had struggled ...
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ArticleClugston Distribution Services launches global logistics division and strengthens senior team
L-R: Matt Hales, Tim Doggett and James Overfield.Clugston Distribution Services has created a new Global Logistics division as part of an “extensive review” of its £17m turnover business.The Scunthorpe-based operation, part of the Clugston Group, said the new division would provide a complete package of global supply chain options throughout ...
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David Nicholson, former director of failed Nicholson's Transport, makes a comeback with Burnside Distribution
The director behind failed Cleveland transport company Nicholson’s Transport has launched a new business, Burnside Distribution, specialising in warehousing and full loads.Nicholson’s Transport entered liquidation on 20 June and insolvency practitioners at Baldwins Restructuring in Chester le Street are now winding up the business.But a call to Nicholson’s registered premises ...
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Donnelly Transport staff will be paid what they are owed, promises haulier's administrator
All former staff who worked at collapsed Northern Ireland steel haulier Donnelly Transport should be paid in full, according to its administrator.Unsecured creditors are also anticipated to receive a dividend, although it may only be 0.5p in the pound.Insolvency practitioner RSM is currently attempting to realise assets and property that ...
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ArticleZero-emission operator Zedify expands with east London depot
Zero-emission urban fleet operator Zedify has expanded with a new depot in Hoxton, east London.Located just outside the London Ultra Low Emission Zone, the new micro consolidation centre will house up to 20 electric cargo trikes and be capable of handling more than 1,500 deliveries each day.Parcels arrive in the ...
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Brexit uncertainty and skills shortage help drive logistics sector confidence to new low
Optimism in the logistics sector is at its lowest level in 12 years, according to the latest Logistics Confidence Index, with companies citing uncertainty over Brexit and the ongoing driver shortage as key contributors to falling levels of confidence.The index, produced by Barclays and BDO, is based on a survey ...
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ArticleIVECO unveils flagship Stralis successor, the S-WAY
IVECO has revealed its S-WAY truck at an event in Madrid (2 July), heralding the introduction of a new series of heavy trucks.The new IVECO, which replaces the Stralis, features a new cab design, and improved aerodynamics that the manufacturer has claimed will improve fuel efficiency by up to 4% ...
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ArticleSimarco Worldwide to open new distribution centre at Stoke 108
Simarco Worldwide has taken a 10-year lease on a 108,000sq ft depot in Stoke, with plans to commence operations there from October.The Staffordshire site will be the group’s DC for the north of England, Manchester and the Midlands, as well as providing a home for its European logistics business.The operator ...
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Maxi Haulage hits record turnover in 2018, but warns of Brexit impact
Maxi Haulage achieved a record turnover of £66.3m in 2018, but warned the impact of pre-Brexit stockpiling on its Irish operation will hit its current year's trading.The Irvine-based haulier reported a 6.3% increase in turnover for the year ended September 2018 from £62.3m to £66.3m. Pre-tax profit leaped 41.8% from ...
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Rising costs temper growth at DSV Road
DSV Road saw both turnover and profit growth slow last year due to the rising costs of goods and services.Reporting its latest financial results for the year to 31 December 2018, the company which specialises in freight forwarding, haulage and supply chain services, revealed a 1.5% rise in turnover to ...
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ArticleEnterprise completes SHB Hire buy, creating major new player in CV rental market
Enterprise Rent-A-Car UK has completed its acquisition of SHB Hire, creating a commercial vehicle rental giant.Romsey-based SHB Hire has a fleet of more than 18,500 commercial vehicles. It has 16 locations nationwide and offers light commercial vehicles, HGVs, 4x4s, tippers and specialist lorries.The two businesses will now be integrated as ...
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ArticleFTA calls on hauliers to oppose Bristol clean air zone that would see HGVs charged but not cars
The FTA is calling on its members to urge Bristol City Council to drop proposals for a charging clean air zone (CAZ), which will see diesel cars allowed free access to most of the zone whilst non-compliant HGVs face charges of £100 a day.The call follows the publication of the ...