Nightfreight drives back into black

Specialist delivery business Nightfreight has forged back into the black – posting pretax profits of pounds 4.1 million for the year to November 30, compared to the previous year’s loss of pounds 6.2 million. The company yesterday said it had improved turnover by 6.83 per cent, up by pounds 8.4 million to pounds 131.9 million, while operating profits rose 250 per cent, up by pounds 3.1 million to pounds 4.38 million.

Nightfreight, which started life at Willenhall in 1984 and still remains headquartered there, said the improvements in its performance reflected the benefits of an ongoing investment programme in both customer service and operational developments. Steve Allen, chief executive, said: “Throughout 2006, the company has made good progress improving its financial performance and commencing its transition to becoming a logistics and solutions business, offering customers new integrated services that will meet their changing requirements.”

Nightfreight is currently owned by Royal Bank of Scotland.