Fedex UK saw its profits slide last year as it battled against the Covid-19 pandemic. Its latest financial results for the year ending 31 May 2021 showed that operating profit fell by 59% to £5.3m. Pre-tax profit also reduced by 52% to £7.2m. However, the parcel delivery service saw turnover increase by 14.5% to £231m […]
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Kuehne+Nagel said it experienced a “significant increase” in shipments within its road logistics division in the third quarter and demand for domestic transport in European countries reached pre-crisis levels.
UK haulage operators are estimated to see £7.5bn wiped off their turnover this year as the “catastrophic impact” of the coronavirus continues, according to the International Road Transport Union (IRU).
Container haulier Macintyre Transport has reported a 26% rise in profits on the back of extending the working life of some of its vehicles.