The head of Fraikin UK has said Petit Forestier’s decision to abandon its plans to buy his leasing firm will not affect the business. Ed Cowell told Motortransport.co.uk that the French-owned company remains “truly confident,” pointing to the firm’s performance in 2016. This saw both Fraikin Group and Fraikin UK grow their long term contracts portfolio year-on-year by 6.4% and 10.5% respectively. Cowell said: “The management board and I are truly confident in the group’s future. We have a number of […]
DBC Foodservice had no vehicle assets despite having 230 of them when it went under in March, as its fleet was run on a contract-hire basis. The £300m turnover company supplied some of the best known cafes, restaurants and bars on the high Street including Caffé Nero, Prezzo, Loch Fyne and vodka bar chain Revolution. DBC’s fleet of mainly Dafs delivered 8,000 multi-temperature products to customers each year. However, after attempts to sell the business earlier this year failed, administrator […]
When Peter Backhouse was appointed CEO of contract hire specialist Fraikin in May 2010, he set out a clear vision of where he wanted the company to be. 18 months on he gives Steve Hobson a progress report. Since his arrival at Fraikin after two years in charge of Bunzl Healthcare and 11 years at Ryder, CEO Peter Backhouse has repositioned the company from a straightforward contract hire and rental firm to a big game hunter, capable of taking on […]
City Link has ordered 85 new Lawrence David single-decker trailers in the second stage of its strategy to update 40% of its trailer fleet by the summer.