Operator news – Page 290
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MT Article
Hargreaves' transport profit almost halved after Imperial Tankers sale
The transport arm of the Hargreaves Group saw its profit almost halved in the year ending May 31 2015, after the sale of Imperial Tankers to the Suttons Group last autumn. The group’s preliminary 2015 results show a 48% decrease in pre-tax profit compared with the former year, with a ...
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MT Article
FedEx takeover of TNT hits bumpy road as EC steps in
FedEx said it “remains confident” about its proposed takeover of TNT Express despite the European Commission launching what it termed an “in-depth investigation” into the planned acquisition.The Commission said: “The EC is concerned that on a number of European markets for international express and regular small package deliveries, the merged ...
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MT Article
James Kemball suffers second year of profit decline
Rising driver wages and greater use of agency staff to combat recruitment difficulties contributed to a second year of reduced profit for Felixstowe-based container haulier James Kemball. Turnover in the year to the end of 31 March 2015 rose just less than 1% to £19.15m (2014: £18.97m), while pre-tax profit ...
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MT Article
UK Mail predicts big fall in profit after new hub's gremlins found to be worse than first thought
UK Mail’s forced move to new premises has had a disastrous short-term impact on the business with full-year profit now expected to be half that achieved last year, the company warned today.Due to the advance of HS2, UK Mail moved to what should be an almost fully-automated new hub in ...
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MT ArticleJJX Logistics joins the Hazchem Network
MT award winners JJX Logistics has joined the Hazchem Network.The Dudley, West Midlands company will manage delivery and collections for pallets and parcels in the WR, DY and WV areas.Hazchem MD Ali Karim said it is the first time JJX has joined a network and that its membership strengthened the ...
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MT ArticlePalletline and food "working to plan" at Boughey Distribution
Boughey Distribution said it had a “positive” year in food distribution despite difficult conditions caused by supermarkets that are fighting for market share deflating prices.Turnover at the division of NWF Group for the year-ending 31 May rose to £37.2m, up from £36.4m in 2014, while operating profit in the division ...
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MT ArticleRevis Transport buys Spandler Bros in drive for growth
York-based haulage firm Revis Transport has continued its drive for growth with the acquisition of Spandler Bros from Bunn Fertiliser.The deal sees the firm expand its geographical reach, giving the company a foothold in East Anglia.This is the company’s second acquisition in 18 months, following its purchase of ABC (Grimsby) ...
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MT Article
Pentalver boosts national service offering
Pentalver has opened its five acre, permanent container services site at DP World London Gateway – the first phase of its two-step development of facilities at the port.The new site, located adjacent to the port’s main gate, including cargo handling, transport, loaded storage, empty storage, reefer services, maintenance and container ...
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MT Article
Whistl and PostNL strike buyout deal
Whistl is to take a controlling stake in its business after negotiating a deal with former owner PostNL, which is set to be signed once the details have been confirmed. The Dutch postal company, which previously held a 100% stake in Whistl, will retain a 17.5% with the rest handing ...
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MT Article
Yodel "on target" to post first profit following departure of CEO
Yodel has said it is on target to turn a profit for the first time since it started trading in 2010, following the departure of its chief executive Neil Lloyd. Turnaround specialist Lloyd joined the company as the chief executive just two and a half years ago, when he said ...
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MT Article
DHL Supply Chain surges as Tradeteam falters
DHL Supply Chain raised pre-tax profit by almost 125% last year, accounts filed at Companies House have shown. In the year to the end of December, the firm grew its turnover by 7.3% to £4.13bn (2013: £3.85bn), with pre-tax profit rising 124% to £91.6m (2013: £40.9m).However, the result left DHL ...
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MT Article
TNT UK reveals new head of international division after management shake-up
TNT veteran Tony Jakobsen has replaced Stuart Stobie as head of TNT UK and Ireland’s international division, as part of a major management overhaul.Jakobsen’s appointment and Stobie’s departure come as TNT pushes through major change across the business ahead of its purchase by larger US rival FedEx.The acquisition is expected ...
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MT Article
Clipper Logistics has excellent year; returns dividend to shareholders
Clipper Logistics has enjoyed a successful first year listed on the London Stock Exchange, experiencing a leap in turnover and profit.The company, which has just struck a deal with retailer John Lewis to develop its click and collect service, saw group turnover climb 16.7% to £234.8m in the year to ...
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MT Article
Royal Mail breached competition act, says provisional Ofcom decision
Ofcom has provisionally found that Royal Mail breached competition law with the price increases competitor Whistl complained to the regulator about last year. The complaint was lodged by Whistl in January 2014, when the then-TNT Post accused Royal Mail’s price changes to its access services of discriminating against its key ...
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MT ArticleYodel chief executive Neil Lloyd steps down from role
Neil Lloyd, chief executive of loss-making delivery firm Yodel, has stepped down. Turnaround specialist Lloyd was brought in two and a half years ago, with the self-stated goal of improving the firm’s customer service and improving its public image.Speaking at the time, Yodel executive chairman Dick Stead said: “I am ...
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MT Article
Management cull at TNT UK's international division after revenue dip
Major management restructuring in the face of declining revenues at the UK International division of TNT Express has also seen ‘a handful’ of top executives made redundant, Motortransport.co.uk has learnt.The news comes as the Dutch-owned delivery company, which is set to be acquired by larger US rival FedEx for around ...
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MT Article
Hawksworth departs Birds; replaced by interim MD
John Hawksworth has left his role as MD of Birds Transport and Logistics and has been replaced by interim MD Patrice Schneider.Hawksworth joined Birmingham-based Birds in April 2014, having formerly held the role of commercial director at AM Widdowson & Son. Birds - formerly Birds Groupage Services – was bought ...
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MT Article
GMB in pay talks for agency staff
The GMB union has started negotiations with agency Tempay about the rates of pay awarded to agency warehouse staff it supplies to DHL’s DC in Swindon run for Marks & Spencer.The move follows the legal claim launched in May by the union against Tempay, fellow agency Twenty Four Seven Recruitment ...
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MT Article
Profit all but wiped out at John Raymond Transport
South Wales haulier John Raymond Transport suffered a drop in pre-tax profit of over 99.7% in the last financial year, accounts lodged at Companies House have shown. Despite a 4.8% increase in turnover to £21.2m in the year to the end of September 2014 (2013: £20.2m), the company’s pre-tax profit ...
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MT Article
Royal Mail sees UK turnover fall in Q1
Royal Mail has revealed that its UK operation saw a 2% year-on-year decline in turnover in the first quarter of its financial year, just a day after reports that the company submitted an objection to an ongoing Ofcom investigation into its pricing regulations emerged.While the revenue in UKPIL, Royal Mail’s ...