Industry Results Round Up February 2020: –

ByThe Transport Intel Insider

Industry Results Round Up February 2020: –

https://motortransport.co.uk/blog/category/news/operator/

Industry Results Round Up February 2020: –

In a fast changing year, the positives outweigh the negatives in in the early part of 2020. A study completed by the Hitachi Bank suggests the year will be a good one for SME within the industry.

Going Well: –

  • Cheshire-based Boughey Distribution is to open a new 237,734 sq ft warehouse at Crewe Commercial Park which will create around 100 new jobs for the local area
  • Boughey Distribution bounced back into the black last year, converting a £754,000 pre-tax loss into a profit of £310,000.
  • Walker Logistics, experienced a 38% year-on-year increase in the number of orders at its Berkshire hub in Berkshire during the fourth quarter of 2019.
  • C Butt Logistics has remained in profit for the second year running after turning its back on the retail logistics sector.
  • Fergytrux, the Cramlington-based holding company of Fergusons Transport, increased turnover by 2.2% last year, thanks to performance improvements and Brexit stockpiling.
  • North Wales-based logistics company Delivery Solutions (Delsol) has reported a year of sustained growth. The company added 30 staff to its now 170-strong workforce during 2019 – its 20th anniversary – which coincided with a 20% increase in revenues.
  • The Pallet Network (TPN) saw the number of member companies achieving elite performance levels grow by 300% during 2019.

Facing Challenges: –

  • Fagan & Whalley pocketed a £521,000 profit last year, but it was a significant reduction compared to the previous year’s £1.3m.
  • Premier Logistics (UK) made a £2m loss in the months following its company voluntary agreement (CVA), according to its most recent financial results.
  • Online grocer Ocado is continuing to suffer from the fire which destroyed its Andover depot last year, reporting a pre-tax loss of £214.5m for 2019.
  • Marks and Spencer is to close two major distribution centres in Derbyshire and Sheffield, putting 662 jobs at risk.

In Administration: –

  • Carters Haulage in Hertfordshire has entered administration and ceased trading.
  • A pre-packaged sale of Staffordshire haulier Pro Freight Solutions took place following the high-profile collapse into administration of its customer, The Book People.

Acquisitions/Partnerships: –

  • The Pallet Network (TPN) has announced the addition of Bristol-based Toogood International Transport to its line-up. 
  • EV Cargo Logistics has acquired ‘specific assets and operations’ of NFT Distribution.
  • The sale of NFT Distribution Operations to EV Cargo Logistics does not include the firm’s Tilbury refrigerated distribution centre, it has emerged.
  • Widnes-based Suttons Tankers is on the look-out for further acquisitions as it gears up its growth plans, according to MD Michael Cundy.
  • The new owner of Clugston Distribution Services is linked to Malta-based HLD Group which bought AM Widdowson and Sons in 2015 and Crewe-based Davis Haulage in 2016.
  • Pall-Ex has purchased the pallet distribution business of Surrey-based member Cranleigh Freight Services.

Miscellaneous: –

  • Hermes is set to build a £60m automated parcel distribution centre in Barnsley as its parcel volumes continue to rise.
  • NHS logistics (NHL) lorry drivers have called off a dispute with their employer Unipart after it offered an improved pay deal.
  • Strike action could be on the cards among Biffa drivers on the Wirral after negotiations over pay reached a stalemate.

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