Tesco is to merge with wholesaler Booker in a £3.7bn deal that creates one of the largest own-account operations in the UK, and it is targeting cost savings of approximately £61m in its distribution and fulfillment activities. In a joint statement to investors, both parties said the merger was expected to enable opportunity for cost synergies of at least £175m, mainly in areas such as procurement and distribution. Approximately 35% of these cost savings (£61m) will come from distribution and […]
Genesse & Wyoming (G&W), the United States-based rail freight company, has completed its takeover of Pentalver for an undisclosed sum.
Ballyvesey Holdings has added to its road transport interest with the purchase of the the trade and assets of Heywood-based CFT Services.
Drivers at Eddie Stobart’s Doncaster DC have voted for strike action, in response to the operator’s announcement last week that it would be making them redundant. Unite says more than 150 drivers, from a total of 183, voted for strike action at the site that was previously part of Tesco’s distribution network. Harriet Eisner, Unite regional office, said: “Unite is still in talks with Eddie Stobart, but the management remains intransigent that it wants to get rid of the drivers. […]