United Carriers

Article Abstract:

United Carriers aims to expand its core activities distributing parcels and dealing with freight. The company appointed Doug Rogers as chairman in 1995. He also aims to boost margins and improve service. Volumes were affected by a decision to withdraw from low-margin packages of awkward shape, in addition to bad weather in 1st half 1996. Carpet Express, a carpet logistics concern, has performed well, though Mansped, which deals with freight for automotive companies, had problems with a contract that affected turnover.

Freight Transportation Arrangement, Freight Agents, Freight transportation industry, United Carriers International Ltd.

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NFC

Article Abstract:

NFC's pre-tax profit for FY 1994-1995 was affected by restructuring provisions of 35 million pounds sterling. The company is shutting down poorly performing businesses and job losses are planned. Operating profits fell prior to provisions, with bad debts, currency provisions and lower pension credit among the causes. A pre-tax profit of 55 million pounds sterling is forecast for 1995-1996 after provisions, by UBS, and the company's shares are seen as offering good value in June 1995.

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Ex-telly chief is stepping on the gas at NFC

Article Abstract:

NFC is leader in the UK freight market, and the company has undergone a fall in its share price. Christopher Bland has been brought in as new chairman to bring about a recovery. He emphasises the importance of controlling cash flow and costs and has shed jobs as part of this drive. The company's turnover increased by 7% to 2.03 billion pounds sterling in 1994, and sales were also up in North America. NFC's shares are recommended to investors in Feb 1995 as a long-term investment.

Freight

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