Operator news – Page 234
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MT Article
Connect Group sees annual profit nosedive 200% after failed restructuring
Connect Group has seen its annual profit collapse by more than 200% after a calamitous period, which saw its one time star-performer Tuffnells lose its way and attempts to restructure the group hit the wall.Announcing annual results for the year to 31 August 2018, the business, which also owns Smiths ...
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MT Article
Obituary: John Smith, Laser Transport International
Laser Transport International chairman John Smith, 83, has died after a short battle with cancer.Smith, who attended Harvey Grammar School in Folkestone, ultimately studied and passed the Institute of Freight Forwarders examinations.He then worked for LEP Livestock in its Folkestone office, before going on to be office manager of LEP ...
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MT ArticleWH Malcolm sees profit and turnover dip despite strong performance from logistics arm
WH Malcolm saw profit and turnover dip last year, despite a “robust” performance from its logistics arm.The company's latest annual results for the year to 31 January 2017 revealed a turnover of £200.1m compared with £207.2m the year before. Operating profit, before exceptional items relating to the firm’s pension scheme, ...
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MT ArticleAbbey Logistics rises to new challenge with Hovis flour deal
Hovis has awarded Abbey Logistics a UK contract to provide bulk flour distribution to its bakeries in the Midlands and the South. Abbey Logistics will “invest significantly” in new equipment to bolster Hovis’s existing fleet and will also support its new customer with resource from its wider nationwide bulk powder ...
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MT ArticleRedhead Freight on the road to recovery after Schenker integration
Redhead Freight is continuing to make progress after its acquisition by Schenker, which saw the reverse integration of loss-making DB Schenker Logistics into the business.Reporting its annual results to 31 December 2017, the Bradford-based company revealed that turnover had risen 12% in the year to £64.6m (2016: £56.7m). Its annual ...
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MT ArticleCitySprint to add 600 couriers for UK peak season
Same-day delivery firm CitySprint is hiring 600 additional couriers for the peak Christmas period.The roles will be UK-wide and ease the pressure on the delivery network throughout CitySprint’s peak period, working in multiple segments including financial, legal and the public sector.They will join a workforce of more than 5,000 existing ...
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MT ArticleOxford Carriers moves from Fortec to TPN
Oxford Carriers has joined pallet network TPN from Fortec after undertaking a review of the sector.MD David Everett said: “We needed a pallet network which could handle high and growing volumes while maintaining excellent service levels.“Logistics customers today want and need real-time visibility of their freight, and electronic proof of ...
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MT Article
Gist's annual profit tumbles by 50% after heavy investment
Contract changes and one-off project costs contributed to Gist’s annual profit plunging by more than half last year, according to the firm’s latest results.Whilst the food, networking and contracts logistics business saw turnover rise 4.8% to £437.3m (2016: £416.6m) in the year to 31 December 2017; its pre-tax profit fell ...
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MT ArticleElddis Transport joins the Palletforce network
Elddis Transport has joined Palletforce after a 17-year hiatus from pallet networks.Based in County Durham, Elddis runs a fleet of 160 vehicles out of nine hubs. It will cover postcodes in the Consett and Tyne Valley area for Palletforce from today (26 October).Elddis joins Murray Hogg (a founder Pall-Ex member), ...
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MT ArticleMeachers Global Logistics looks to batten down the hatches as Brexit looms
Employment costs hit Meachers Global Logistics' profit last year but the Southampton-based company has deeper concerns about Brexit, according to its chairman.For the year ending 31 May 2018, the logistics business, which is celebrating 60 years in business this year, reported turnover of £26.2m (2017: £26.1m).Pre-tax profit was down 4.5% ...
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MT Article
Suttons Tankers plants 'significant' long term deal with CF Fertilisers UK
Suttons Tankers has landed a “significant” multi-million pound contract with CF Fertilisers UK after impressing the manufacturer with its operational, health and safety and customer service standards.The Widnes-based logistics firm, which operates a 500-strong fleet specialising in the chemicals, gas and fuels sector, will provide distribution services for all CF ...
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MT ArticleHermes boosts network capacity in South East with new Hemel Hempstead depot
Hermes has opened a new 80,000ft² parcel depot at Prologis Park in Hemel Hempstead ahead of its predicted “busiest peak season to date”.The new facility has the capacity to handle 130,000 parcels per day, to be distributed across the South East and Midlands.It will also create 50 new jobs and ...
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MT Article
Pentalver Cannock sails onward after strong year of trading
Container haulier Pentalver Cannock said a rise in turnover and pre-tax profit during 2017 was essentially down to the continuing improvement in trading conditions since the economic downturn.The company, with depots in Felixstowe, Southampton, London Gateway and Cannock, reported a 7.6% increase in turnover to £45.2m in the year ending ...
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MT Article
DSV Road drives both profit and turnover higher
DSV Road saw its profit increase by more than a fifth last year, driven by a 7.3% increase in turnover.In its latest financial results, the freight forwarder, haulier and supplier of supply chain services reported turnover of £193.9m in the year ending 31 December 2017 in the UK, up from ...
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MT ArticleDSV abandons attempt to buy CEVA Logistics
DSV has abandoned a bid to buy CEVA Logistics, citing a lukewarm reception to its revised offer as the reason for ending its interest in the Swiss multinational.In the UK both companies are listed in Motor Transport’s Top 100 of the largest road transport companies.CEVA Logistics was 15th in last ...
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MT Article
Pallet-Track seeks winding up petition against Canute Group over unpaid £47k debt
Canute Group’s former pallet network is seeking to have the business wound up next month if it refuses to settle a bill of £47,489.35.Pallet-Track served time on Canute Haulage Group in March of this year as a member of its pallet network over concerns about its performance.However, following Canute Haulage ...
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MT ArticleJohn Mitchell (Grangemouth) gets its house in order ahead of change at the top
A significant investment by John Mitchell (Grangemouth) has paved the way for “generational change” according to its MD, who intends to retire within the next few years.Iain Mitchell said he did not want to wait until he was 65 before deciding how the business should be run in the future.The ...
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MT Article
CitySprint introduces new 'heavy' freight service across the UK
Same-day courier company CitySprint has launched a new UK delivery service - Freight Desk - for oversized, heavy and difficult-to-handle items.Customers will be able to book the service for same-day deliveries and Paul Gisbourne, chief executive at CitySprint said: “We recognise that in today’s economy, speed, reliability and convenience are ...
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MT Article
Frontline deal brings Connect Group ray of hope in bleak year
Connect Group’s Smiths News division has secured a new five year deal with magazine distributor Frontline, bringing further signs of an upturn in the group’s fortunes.The £750m deal closely follows the renewal of its contract with News UK in July. It will see Smith News continue to deliver Frontline’s 40% ...
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MT ArticleSpeed Welshpool wins commercial furniture distribution deal
Palletways member Speed Welshpool has won a contract with commercial furniture supplier Tabilo.Under the contract the Powys-based firm, which specialises in palletised freight and haulage services including the delivery of parcels and irregular freight, will handle a “substantial” volume of pallets each month.Tabilo operations manager Neil Owen said the company ...