Autologic says its acquisition of the assets of Sensible Transport will add £6m a year to its revenue, but warns that automotive customers remain “focused strongly on price”. For the year ending 31 December 2011, Autologic saw its UK revenue rise 4% to £114.5m (2010: £110.6m) but operating profit in its UK arm fell from £3.2m a year ago to £3.1m. It says that contract pricing in the automotive sector remains competitive, with customers focused strongly on price. The company […]
Autologic has made its third asset acquisition from failed car transporter hauliers in as many years. Through its subsidiary Walon it has acquired certain assets of Spirit Motortransport, which entered administration on Friday 11 May. Autologic says the assets acquired comprise car transporters, IT and office equipment and the goodwill attached to the Spirit name. Avril Palmer-Baunack, chief executive of Autologic, says: “We have taken the opportunity to acquire further key assets that strengthen our operational transporter fleet, which is […]
Stobart Group says its transport and distribution division Eddie Stobart has experienced “mixed fortunes” since March. In the past four months Eddie Stobart says its ambient transport and warehousing operations have been performing well and is “witnessing more new business opportunities than in previous years”. However, it warns that the restructure of its chilled operations, whilst progressing, has resulted in some further costs. In the past six months its chilled operations, with the closure of its Corby and Alcester distribution […]
Ford Motor Company and Volkswagen have revealed more details of their joint alliance to develop commercial and electric vehicles.