Revenue up at Unipart
Over 25 new contracts helped the Unipart Group of Companies achieve a £36.6m profit for the year ending December 2001.
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DFDS Transport builds UK Project Division
DFDS Transport (UK), one of the fastest-growing transport companies in the UK, has expanded its dedicated project division with the appointment of two project freight specialists with combined experience of more than 45 years. Roy Brandley and Mike Webb join DFDS’s project division as Manager of UK Projects and Development Manager respectively.
Read MoreSTINNES SURPASSES OWN TARGETS
Stinnes AG, the German logistics group, reports record figures for 2001, for a third consecutive year, and has surpassed its own targets. Discounting building materials activities, which have been sold off, turnover rose by 12 per cent to 12.3bn euros, Ebit by 26 per cent to 317m euros, the return on capital increased from 11.0 per cent to 11.9 per cent. Annual surplus slipped from 162.3m euros to 145.7m euros owing to tax factors and the lack of exceptional income. A dividend increase to 0.70 euros it to be proposed.
Read MoreFrans Maas reports lower result for 2001
Dutch forwarding and logistics group Frans Maas realized a net profit of 12.3 million euro in 2001 (2000: 18.4 million). Net turnover for 2001 of 998 million euro (2000: 942 million euro).
Read MoreNew Study names Belgium Top Logistics Hub
A new survey ranks Belgium first of sixteen major European countries for logistics and distribution, citing the area’s central location, low costs and good accessibility. The European Distribution Report by Healey & Baker, part of Cushman & Wakefield, evaluates the strengths and weaknesses of each country based on several indicators, including costs of land and labor; road, rail, air and sea access; population density; geographic access; and land supply.
Read MoreUSPS’s financial outlook is becoming increasingly dire
USPS’s financial outlook is becoming increasingly dire. USPS has continuing deficits, severe cash-flow pressures, rising debt, and liabilities that exceed its assets. USPS also lacks sufficient income to fund growing capital asset needs for safety, maintenance, expansion, and modernization as well as to fund its liabilities. In fiscal year 2001, USPS reported a $1.68 billion deficit, up from a $199 million deficit in the preceding fiscal year. Further, USPS budgeted for a $1.35 billion deficit in fiscal year 2002, before the catastrophic events of September 11 and subsequent use of the mail to transmit anthrax. The combined effect of these events and the current economic slowdown have served to further exacerbate USPS’s financial difficulties by decreasing postal revenues, while postal costs continued to increase despite additional USPS cost-cutting efforts.
Read MoreDeya awarded contract by Yell
Specialist distributor Deya has been awarded a new 3 year contract to deliver 14 million Yellow Pages across the UK.
Read MoreCranleigh commissions Pall-Ex liveried trucks
Cranleigh Freight Services has commissioned two silver Mercedez-Benz 18 tonne trucks with Pall-Ex livery to commemorate its 25th anniversary.
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