All Operator news articles – Page 261
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MT Article
Howard Tenens sees profit grow in light of UK warehousing shortage
A shortage of warehousing space in the UK boosted Howard Tenens’ turnover and pre-tax profit in its last economic year, due to the operator’s significant property holdings and an increase in demand. For the year ended 30 September 2015, Howard Tenens saw its pre-tax profit rise 52% to £5.1m (2014: ...
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MT Article
Wincanton reassures employees and investors in wake of Brexit vote
Wincanton has said it is ready to tackle any changes in legislation or the economic climate Brexit might have on the industry.Speaking at the company’s AGM in London today, Wincanton chairman Steve Marshall said the board would be closely monitoring the situation “as the political and economical consequences become clearer”.However, ...
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MT Article
HW Coates sees turnaround plan start to deliver
A turnaround plan at HW Coates has borne fruit with both turnover and profit up at the chemicals logistics specialist.The profit rise, which was boosted in part by the introduction of new accounting standards under FRS102, was revealed in the company’s latest annual results posted in Companies House.Leicester-based HW Coates ...
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MT Article
John Hackling (Transport) sees profit almost halve
John Hackling (Transport) saw pre-tax profit fall 45% last year, according to its latest annual results.The results for the year to 30 September 2015 posted at Companies House, show that despite a rise in turnover to £13.8m (2014: £13.1m), pre-tax profits fell to £737,054 (2014: £1.03m).John Hackling, which specialises in ...
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MT Article
Guardian investigation into courier pay is "disingenuous", says Hermes
Hermes has disputed claims that it pays its couriers less than the minimum wage, after an investigation by The Guardian suggested some of the carrier’s self-employed workers earn as little as £5.50 an hour. The article cites numerous Hermes couriers who earn between £5.50 and £7.30 per hour, although this ...
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MT Article
BCA Marketplace buys Paragon Automotive for £105m
BCA Marketplace has hit the acquisition trail once more, snapping up automotive services group Paragon Automotive for £105m.The move brings BCA one step closer to its goal to become the UK’s leading one-stop shop for automotive services for OEMs, dealers and leasing companies.The acquisition of Paragon comes just one year ...
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MT Article
NFT Distribution buys NR Evans for £20m
NFT Distribution has acquired Carmarthenshire-based NR Evans in a deal that values the temperature controlled specialist at approximately £20m.It is the third acquisition in the UK by NFT owner EmergeVest.The Hong-Kong private equity investor bought NFT in April 2014 and Palletforce in August 2015 and MD Heath Zarin said it ...
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MT ArticleLloyd Fraser says trading conditions are volatile despite strong performance
Lloyd Fraser has warned that current trading conditions are challenging, but added it was too early to say what impact Brexit might have on its future performance.Reporting its annual results for the year to 31 August 2015 at Companies House, the Rugby-based firm revealed a 31% rise in pre-tax profits ...
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MT Article
Administrator revises up the amount City Link creditors are due
City Link’s administrator has revised up the amount it believes non-preferential creditors are owed by the collapsed parcel carrier.However, it said it is still waiting to hear from creditors that are owed a total of £12.8m that have not submitted a claim.As of 24 June non-preferential creditors had made claims ...
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MT ArticleSwain Group snaps up Jeffrey's Haulage
The Swain Group has purchased Derby-based Jeffrey’s Haulage for an undisclosed sum.The Kent-based group, which includes R Swain & Sons and the recently purchased Gatwick Plant, acquired the asset, vehicles, workshops and business of Jeffrey’s Haulage in a deal that completed on Friday (15 July).Jeffrey’s operates from a 16.5 acre ...
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MT Article
AM Widdowson & Son placed into administration
Leicester freight transport business AM Widdowson & Son has gone into administration.Insolvency practitioners at Leonard Curtis were appointed to the company on 6 July, shortly after it had undergone a change of name to Loglecdissol.The company had been subject to a CVA since July last year that meant it had ...
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MT ArticleJersey Post buys Fraser Freight in one of "most challenging years" to date
Jersey Post has bought Portsmouth haulier Fraser Freight, after what the carrier described as one of its “most financially challenging years” to date. The postal operator said that the acquisition was a move to open new revenue streams, off the back of the declining letters market.Since 2007, Jersey Post’s letter ...
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MT Article
Profit up 18% at DHL Supply Chain
DHL Supply Chain continued to improve its profitability in the UK, with pre-tax profit up 18% year-on-year in the most recent set of results filed at Companies House, despite a turnover drop resulting from the renewal of its NHS Supply Chain contract.For the year ended 31 December 2015 turnover at ...
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MT Article
DPD pick your own delivery slot service begins
DPD has started offering its new service Precise, which allows customers to select their own hour delivery slot. The service, which DPD spoke to Motortransport.co.uk about at the beginning of the year, has been launched in conjunction with online fashion retailer Asos, whose customers are the only ones the new ...
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MT Article
Lee Nichols takes the reins at Bedfords Group
Leeds-based Bedfords Group has appointed Lee Nichols as its new MD.Nichols replaces Steff Pfadenhauer following a restructure focused on “succession planning to deliver future aspirations and continued development of both organic and acquisitive business growth”.Pfadenhauer remains as CEO and a member of the board of directors. He will take an ...
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MT ArticlePrinciple Pallet Network to debut this year
Two former Fortec directors are making their industry comeback with the launch of the first new UK pallet network in more than a decade.Neil Hodgson and Marcus Fischer plan to launch the Principle Pallet Network later this year, with a view to trading by early 2017.Hodgson was MD of Fortec ...
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MT Article
Brexit: operators want single market access and ability to hire non-UK workers
Tariff-free access to the single market and the ability to hire non-UK drivers are the key issues for hauliers as the industry faces Brexit, according to a survey by the FTA.The association, which had 250 responses from hauliers that pay for its premium ‘international’ membership, found these were the two ...
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MT ArticleBCA Marketplace opens Doncaster site
BCA Marketplace has opened a new de-fleet operation in Doncaster, specialising in pre-delivery inspection, in-life fleet management and end-of-life refurbishment.The 12-acre centre enhances the company’s national network of refurbishment and auction centres and creates more capacity as volumes continue to rise in the used car market.It will handle around 9,000 ...
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MT Article
Gefco promotes Hungary division boss to UK managing director role
Gefco UK has appointed Zsolt Vecsera as its new MD, in a move the company said will help “continue and steer its direction of growth”. Vecsera (pictured below) has been MD at Gefco Hungary since 2011, where he oversaw the doublingof the company’s profit over five years.Previous to that role ...
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MT Article
Hargreaves Services suffers Brexit shock after major project is delayed
Hargreaves Services’ logistics division has felt the impact of Brexit, after a UK port delayed a £7m earthworks project in light of the EU referendum result.In a trading update the company warned that its transport and earthworks divisions are at risk due to their exposure to the construction sector and ...