Fakenham, Norfolk haulier Jack Richards & Son has reported a 56% rise in pre-tax profit, and £2.3m rise in turnover, for the year ending 31 May 2012. The firm said the increase was down to a number of factors, including a slight hardening in rates, successful efforts to improve fuel consumption, a fortuitously-timed Christmas break […]
TNT Express saw a 13% drop in EMEA operating profit in the third quarter, despite a 3,2% turnover rise, due to “challenging trading conditions in Europe”. The parcel firm, which last week received a statement of objections from the European Commission ahead of its acquisition by UPS, did not perform as well in its EMEA […]
Potter Group Logistics has credited stringent cost control, which hasn’t come at the expense of good customer service, for a 27% jump in annual pre-tax profit. Matthew Lamb, MD of Potter Group Logistics, said: “As always our focus is on delivering first class customer service. “We have achieved this while applying rigours controls on overheads […]
Global express carrier FedEx Express is well on its way to achieving its goal of increasing the fuel efficiency of its vehicle fleet by 20% on 2005 levels by 2020. Steve Hobson asks Will Martin, MD of the UK operation, how it is being achieved here. Back in 2008, FedEx Express set itself the goal […]
Treasury minister Danny Alexander has pledged to review FairFuelUK’s (FFUK) economic report, which shows that the planned 3ppl duty rise in January will result in 35,000 job losses and reduce GDP growth by 0.1%. During a landmark meeting yesterday (29 October) with FFUK and its major backers the FTA and RHA, the chief secretary to […]
Parcelforce Worldwide is to invest £75m in its network and hubs over the next four years, creating 1,000 new jobs. The investment, which is part of parent company Royal Mail Group’s strategy to expand its express parcel business in the UK and internationally, will also see the opening of a new parcel processing centre in […]
The government’s planned 3ppl fuel duty rise scheduled for January will result in 35,000 job losses and reduce GDP growth by 0.1%, FairFuelUK (FFUK) told the Treasury today (29 October). A detailed report produced for FFUK by the National Institute for Economic and Social Research (NIESR) reveals that as a result of these lost jobs […]
A “buoyant” UK logistics market helped Norbert Dentressangle (ND) boost overall third quarter 2012 revenue by 10% to €2.9bn. Turnover growth was reported across all three of ND’s business divisions, with much of this down to the acquisition of new business. Logistics revenue for Q3 2012 increased 6.4% compared to Q3 2011, with like-for-like income […]
Upmarket retailer Harrods has opened its new 346,000ft² DC in Thatcham, Berkshire. Opened on 16 October, the site is its sole UK DC and replaces a facility at Osterley, west London. Purchased in May 2011, the DC will serve the retailer’s store in Knightsbridge, west London, as well as airport boutiques and e-commerce operations. It […]
Vosa is cracking down on LGV drivers who took their test after September 2009 and are driving illegally because they have not acquired their Initial Driver CPC. Drivers who acquired their LGV licence before September 2009 have until September 2014 to get their Driver CPC, by completing 35 hours of periodic training. Most professional drivers […]