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Latest news – Page 698
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UK Mail to invest in network and automation after pre-tax profit rise
UK Mail chief executive Guy Buswell has said the company will be investing in its depot network and automated sortation equipment after delivering an18% uplift in pre-tax profit.The firm’s latest figures, published today, revealed that group turnover was up 10% on the previous year, while pre-tax profit was up at ...
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Lack of growth in haulage rates confirms industry's fears
Growth in haulage rates slowed almost to a halt in the first three months of the year, according to the latest figures from the Office for National Statistics (ONS).Average haulage rates grew by just 0.1% against a 2005 baseline in the first quarter of 2013, down from 0.2% during the ...
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City Link launches international packet delivery service
City Link is launching two new cross-border packet delivery services as it continues with its plans to become a ‘one stop shop’ for customers.Its untracked service, called Citypack Worldwide, is available now, while a tracked packet service will be launched later in the summer.Both will be powered by Belgium’s bpost ...
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ArticleMT Tracker 22 May
Transport firms are riding the current Stock Market bubble. This week the FTSE 100 hit its highest level since October 2007 (6,755 on Monday to be precise). While none of the six operators in the MT Tracker basket of transport shares are anywhere near making the FTSE 100, or the ...
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Ceva: first quarter turnover fall is 'disappointing'
Turnover at Ceva Logistics fell 6% in the first three months of 2013, while its profit halved as the company continued with its cost reduction measures.Adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) fell to €31m (£26m), compared to €66m in the first quarter of 2012.Global turnover fell to ...
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Royal Mail recovery continues with profit and turnover both up
Price increases and a rise in parcel volumes have contributed to Royal Mail Group’s continuing rise in annual profit and turnover, the firm said today.Its UK parcels, international and letters (UKPIL) division, which encompasses its Royal Mail and Parcelforce Worldwide brands, saw year-on-year EBITDA before transformation costs jump 45% to ...
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Wincanton secures Pernod Ricard Group contract renewal
Wines and spirits supplier Pernod Ricard Group has renewed its UK warehousing and distribution contract with Wincanton, extending their relationship by five years.The operator has provided warehousing, repacking and customer distribution for Pernod Ricard’s brands, which include Absolut, Jameson, Jacob’s Creek and Campo Viejo, since 1995.The new part of the ...
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Marks & Spencer streamlines its logistics roadmap
Marks & Spencer now believes three rather than four DCs will serve its future needs, as it continues the transformation of its supply chain to match consumers’ changing shopping patterns.In its full year results released today, the retailer said that to fulfil its multi-channel ambitions, including meeting the demands of ...
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ArticleNorbert Dentressangle MDs take joint approach to UK market
With the appointment of Malcolm Wilson to the board of its French parent company earlier this year, Phil Shaw (pictured below) was promoted to replace Wilson as Norbert Dentressangle (ND) UK Logistics MD. The company does not split turnover and profit for each country, and between them Shaw and Mike ...
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ArticleXDP Express upgrades to offer its most detailed delivery-time information yet
Parcel carrier XDP Express is now offering customers its most specific delivery time information to date, after introducing new route planning software into its operation for the first time.The company, which has a network of 60 franchised depots across the UK, is now able to offer customers an estimated time ...
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ArticleAn internationally-owned Royal Mail?
There has been much controversy surrounding the possible privatisation of Royal Mail among unions, but business minister Michael Fallon has warned that if they continue to fight a flotation on the London Stock Exchange, the government will consider selling it to an international buyer.In an interview with The Observer last ...
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Morrisons signs deal with Ocado to offer home delivery
Morrisons has signed a 25-year deal with Ocado to enable it to develop its online grocery home delivery business, using its logistics and technology operations along with a fleet of Morrisons-liveried vehicles.The supermarket will take on half of Ocado’s warehouse in Dordon, Warwickshire. It will also invest £46m in expanding ...
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Bibby Distribution relishes Mizkan contract win
Bibby Distribution has opened a new 212,000 ft² warehouse and distribution facility and taken on more than 100 additional staff in Corby, Northants, to serve a major contract with Japanese food group Mizkan.Bibby will manage the UK warehousing and distribution for famous food brands, including Sarson’s vinegar, Haywards pickled vegetables ...
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Jigsaw secures £15m contract extension with Indesit
White goods manufacturer Indesit has extended its UK national bulk transport contract with Jigsaw in a deal worth £15m.The new part of the contract will see Jigsaw hold full responsibility for Indesit’s UK bulk movements and same day trunking from the customer’s national DC in Raund, Northamptonshire, to ten satellite ...
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Optima joins Fortec pallet network
Manchester-based Optima Logistics has joined the Fortec pallet network, for which it will cover the Oldham and Bolton areas. Optima, which transports a range of ambient goods throughout Europe including food products in the UK and camping furniture, kitchenware and bedding in France, operates from a 90,000ft² warehouse in Manchester ...
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MP calls for windfall tax if price-fixing in oil sector proves widespread
A windfall tax should be applied to the UK oil sector with the resulting revenues used to cut fuel duty, if the EC’s investigation into alleged price-fixing confirms widespread malpractice, it has been suggested. Robert Halfon, Conservative MP for Harlow and founder of the PetrolPromise.com campaign, said the EC’s decision ...
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FTA Everywoman Awards 2013 winners revealed
Wincanton were the big winners at the sixth annual FTA Everywoman awards, picking up Director of the Year and the Motor Transport-sponsored Rising Star award at the ceremony at London's Savoy Hotel.On Thursday 16 May nine awards were given to female role models in the road transport industry, who - ...
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ArticleSteve Porter Transport updates fleet
Steve Porter TransportIsle of Wight haulier Steve Porter Transport has spent £750,000 on 40 new trailers.The renewed trailer fleet, which has been purchased on a replacement basis, will operate out of the firm’s Isle of Wight and Portsmouth and Southampton depots.The company, which entered into a load and resource-sharing partnership ...
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Trading conditions remain tough at Boughey
NWF Group, which owns Nantwich-based food logistics firm Boughey Distribution, has said its performance during the current financial year will be “significantly ahead of current market expectations”. In a statement issued on 16 May, the feed, food and fuel distribution business said trading in the winter and early spring months ...
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Stobart shakes off turbulent year with turnover and profit gains
Stobart Group has shaken off a tough start to the year by revealing a 7.2% improvement in the profitability of its transport operations, and a 13% leap in turnover driven by the addition of Autologic.For the 12 months ending 28 February 2013 turnover at Eddie Stobart rose to £517.1m, compared ...