Ryder Europe vice-president and MD David Hunt’s claim that “Ryder is full of the joys of spring”, is not what MT expects to hear as we meet to discuss the integration of Hill Hire. But like the company he works for, Hunt can pull the occasional surprise. Ryder’s big surprise last year was the £151m acquisition of Hill Hire, announced the day before its 40th birthday in the UK (MT 13 June 2011). This takeover created a rental and leasing […]
Ryder is expanding its Devizes site and recruiting 25 new staff in its FleetCare business.
UPS has pulled out of its €5.16bn offer for TNT Express – in a deal that would have created a business with a combined annual turnover of £1.3bn in the UK – blaming European Commission (EC) concerns with the acquisition. The proposed merger is expected to be prohibited by the EC, the parcel giants warned in joint statements this morning (14 January). TNT said UPS sees “no realistic prospect” that it will receive EC clearance and will formally terminate the […]