Fowler Welch boosts parent profits

Spalding, LIncolnshire, UK: Fowler Welch reported pre-tax profits up from £2.6m to £3.9m boosting profit and turnover for parent company, the Dart Group, for the year ending March 2012.

Overall, pre-tax profits at Dart Group rose 7% although they fell in the airline business where the firm was hit by higher fuel costs.

Philip Meeson, chairman Dart Group said Fowler Welch maintained growth in revenue of 6% to £152.4m. Operating profit increased by £1.5m to £4.3m despite “what was broadly recognised as a difficult trading environment”.

“The business faced a number of cost challenges in the year in particular related to energy and insurance rates, as well as continued price pressure from customers.

“Key network developments included the successful streamlining of the operations at the Hub in Heywood (Greater Manchester) from a challenging implementation in the previous year; the successful start-up of the Newton Abbot (Devon) site; and the rationalisation of the container operations as a result of choosing to cease trading at Felixstowe,” he said.

“The ambient operation at the Hub in Heywood saw slower than planned revenue growth, but gross margin performance improved significantly year-on-year. Emphasis on service has been a high priority following the site’s challenging implementation in 2010; the growing reputation of Fowler Welch in the ambient sector will see continued growth in the coming years,” Meeson said.

WORLD NEWS

Carrier Transicold to be sole supplier of refrigerated equipment for Volta Zero

Stockholm, Sweden: Electric commercial vehicle manufacturer Volta Trucks has confirmed that Carrier Transicold will be the sole supplier of refrigerated equipment for the full-electric 16-tonne …

READ THE FULL STORY >

Simon Loos takes E-Ategos with Frigoblocks

Geldermalsen, Netherlands: Simon Loos has expanded its electric vehicle fleet with seven Mercedes-Benz E-Actros trucks using Frigoblock refrigeration. The 27-tonne rigids will be used for …

READ THE FULL STORY >

Carrier webinar on electrification in the cold chain

Palm Beach Gardens, Florida, USA: Carrier is hosting a free webinar on electric transport refrigeration technologies that advance a sustainable cold chain. The one-hour webinar …

READ THE FULL STORY >

Carrier’s Lynx takes Edison Award for innovation

Palm Beach, California, USA: Carrier’s Lynx digital platform, a finalist in the Edison Awards, has won a silver ranking for excellence in the supply chain …

READ THE FULL STORY >

© 2022 Global Cold Chain News | Terms and Conditions | Privacy Policy
Commercial Transport Publishing Limited, registered in England and Wales, Company No: 6453302. Registered Office: 7 Diddenham Court, Lambwood Hill, Grazeley, Reading RG7 1JQ