18 July 2018/Categories: CILT, Industry News, Freight Forwarding, Logistics & Supply Chain
In its accounts for the year to 31st December 2017, the company said the underlying business performance was robust with new business and renewals off-setting the effect of any lost business.
The profit for the year reduced primarily as a result of the £13m reduction in other operating income. The company is now the main UK trading entity for the group’s supply chain business and, as a result, a number of contracts formerly reported in Exel UK and Tradeteam have been renewed and are now being reported in DHL Supply Chain. Looking ahead, the company said: “The external commercial environment is expected to remain competitive in 2018 as customer arrangements continue to be renewed.”
Source: Logistics Manager
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