South Wales haulier moves with the times but struggles to see an electric future

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.

Birmingham-based haulier Space Logistics is looking to expand its business after becoming the latest logistics firm to join The Pallet Network (TPN).

A consortium led by HGV drivetrain systems developer Meritor has been awarded £31.9m of government funding to develop a “game changing” heavy duty electric truck.