Operator news – Page 221
-
MT Article
Morrisons, Wincanton and Unite set for more talks over staff transfer
Unite and Morrisons are set to return to talks later this month in a bid to resolve a dispute over the transfer of drivers and vehicle maintenance staff to 3PL Wincanton, mototransport.co.uk can reveal.Following a meeting between the stakeholders last week (12 July) – the fourth such meeting – Unite, ...
-
MT Article
Pall-Ex signs up to Armed Forces Covenant in bid to help veterans and tackle driver shortage
Pall-Ex has become the latest logistics business to sign the Armed Forces Covenant in a move aimed at both helping veterans and tackling the industry's skills shortage.The Armed Forces Covenant promises fair treatment to those who serve or have served in the armed forces, and their families, helping them to ...
-
MT ArticleProperty and Palletforce drives Elddis Transport onward
Elddis Transport increased its turnover and profit in 2018, despite the County Durham company getting a drubbing from the Beast from the East.Turnover rose to £27.4m from £26.9m in 2017 and pre-tax profit rose by 37.5% during the period to £658,338.The company said that despite the havoc caused by the ...
-
MT Article
Prolog creditors will likely receive little back, warns administrator
Trade creditors of Nottinghamshire warehouse and logistics provider Prolog are set to receive just 4p in the pound, after administrators found there were insufficient funds to pay them in full.In its latest progress report, Mazars said that even the collapsed operator's secured creditor, Lloyds Bank, would suffer “a significant shortfall ...
-
MT Article
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 ...
-
MT Article
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 ...
-
MT 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 ...
-
MT Article
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 ...
-
MT 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 ...
-
MT 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 ...
-
MT Article
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 ...
-
MT Article
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 ...
-
MT Article
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 ...
-
MT Article
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 ...
-
MT Article
Pentalver Transport owner Genesee & Wyoming to be purchased in $8.4bn deal
Pentalver Transport owner Genesee & Wyoming (G&W) is being acquired by Brookfield Infrastructure Partners in deal valued at $8.4bn (£6.6bn).G&W owns or leases 120 freight railroads and has approximately 8,000 employees in North America, Australia and Europe.In the UK it owns Freightliner and following a 2017 deal, Pentalver Transport. The ...
-
MT ArticleArcese made a larger annual loss last year despite turnover growth
Arcese UK reported a £2.9m increase in turnover last year, but profit slid further into the red, with the firm making a £939,000 pre-tax loss “due to increasing business costs”.The Tilbury and Daventry-based logistics and freight forwarding company saw turnover rise to almost £25m for the year ending 31 December ...
-
MT ArticleMore than 400 jobs saved after Mid-UK Recycling sold to Beauparc
Administrators have saved 420 staff jobs at a Lincolnshire waste haulage firm by selling it to a subsidiary of utilities group Beauparc.Mid-UK Recycling (Mid UK) went into administration on 12 June after “a difficult trading period” during which it suffered a major fire [last year] and was prosecuted for the ...
-
MT Article
ArrowXL wins major contract with DG International
Delivery firm ArrowXL has landed a contract with logistics giant DG International to provide warehousing and home delivery services.The win provides a boost to ArrowXL, which saw profits plunge 70% last year to £862,000, hit by a major fire at its Worcester depot and a sluggish retail climate.Under the terms ...
-
MT Article
Beast from the East fails to halt Gregory Distribution's progress
Gregory Distribution (Holdings) arrested a profit decline last year despite being “significantly impacted” by the Beast from the East.The Palletline and Palletways member increased turnover by 8.8% to £174m during the period ending 29 September 2018, and pre-tax profit was up by 3.4% to £5.7m.In the corresponding period in 2017 ...
-
MT Article
Brexit uncertainty did for car transporter Beamish, says administrator
Turnover at county Durham car transporter Beamish Transport plummeted by 20% in 2018 “arguably because of Brexit uncertainty”, according to its administrator.In a report to creditors explaining how the established and profitable business was forced to close down in March of this year, KSA Group said the car sector had ...