GXO Logistics said demand for its services continued to accelerate after it posted second quarter results that showed double-digit top- and bottom-line growth. Revenue during the period grew 11% year over year to £1.9bn and net income grew 27% to £52.2m. Adjusted EBITDA was £149.6m, up from £138.6m in Q2 2022. Malcolm Wilson, CEO at […]
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Kinaxia Logistics is looking forward to a strong performance in 2024, after laying the foundations for a consolidated business over the past two years and delivering a landmark set of financial results for 2022. The group’s recently published annual results to 31 December 2022, have seen it break through the £200m turnover barrier to deliver […]
Wincanton has replaced Clipper Logistics on a major supply chain contract with fashion retailer New Look. The move will come as a blow to Clipper Logistics, which is now part of GXO Logistics UK. The company counted New Look as a key client having worked with the omni-channel retailer for 21 years. Under the new […]
Container haulier James Kemball saw income rocket from a £1m loss in 2020 to a £42m pre-tax profit in 2021, aided by a major increase in container movements and the expansion of its off-dock storage solutions. The Felixstowe-based firm has depots across the UK, including at Felixstowe, Southampton and Tilbury ports and operates a fleet […]