British parcel carrier Nightfreight is expecting strong revenues for its current financial yearending in November 2011 thanks to the company’s growth strategy and investment in vehicle
telematics and innovation.For the year ending 30 November 2011, Nightfreight forecasts a turnover of £123 million andpre-tax profits of £2 million. For 2012, the company expects pre-tax profits of £4.6 million andrevenues of £130 million.
The company explained that the positive result is due to its three-year development plan forgrowth which is starting to pay off. Its consolidation and investment programme is reflected inlatest financial results posted for its year end 30 November 2010, with pre-tax profits of £48,394.Despite a difficult trading climate where existing customers again shipped less volume, revenueswere £117.8 million in line with company expectations.
Underlining its success, the group has added several new account wins including Spicers, Iforceand Carpetright plc to its extensive UK customer base of both B2C and B2B business customers.Furthermore, Nightfreight has generated record volumes of repeat business with major dedicatedlogistics contracts being renewed with Office Depot, Jungheinrich, Vacu-lug and Rapid Racking.
Nightfreight’s Finance Director, Ian Horsfall, said: “We’re pleased to announce after a year ofrestructure and investment that we are now delivering growth over the next two years. We’veestablished a strong platform going forward as part of our three-year strategic plan with repeatbusiness, major new client wins and operating more efficiently. In particular, we have seensignificant demand for our specialist Deliver2home and network solutions services, as well as newbusiness gains in the one-man parcel sector including Bosal UK, Moore Large & Co Ltd and FusionProvida.
“Future plans will see us create a model depot, from which all operations will be modelled. Thiswill be a blueprint of how we expect all our depots to operate in future. We are also introducingin-cab hand held devices across our entire one-man network,” Horsfall stressed.
“In order to add value to our current and future customer base, it is absolutely essential wecontinue to innovate and invest in our operations and infrastructure. By implementing a programmeof investment in customer information technology and vehicle telematics, we’ve continued to improvethe quality of information for customers whilst improving productivity by lowering fuel consumptionacross the entire fleet, at the same time as reducing accident damage,” he added.
Nightfreight employs over 2,000 staff across 53 operating sites in the UK and operates a fleetof 1,097 vehicles.
