Lombard, the asset finance division of the RBS Group, is actively seeking funding opportunities in road transport, bucking the trend which has seen several lenders leave the market since 2008. Lombard’s head of commercial transport, Derek Pridmore, says it is not the case that operators looking to fund new vehicles have little choice but to use manufacturers’ captive finance offering. “We financed £250m of truck sales in 2011, making Lombard the biggest single funder of CVs in the UK,” he […]
Equity firm ACC Capital has bought a majority stake in Lubbers Transport Group as part of a management buy-out at the firm.
Over half the transport firms planning to secure bank lending in the next 12 months fear their request will be turned down, according to the results of the latest Close Brothers Business Barometer.
Aberdeen transport and logistics provider ARR Craib has taken delivery of 15 new Iveco Stralis 6x2s and 45 SDC triaxle curtainsided and platform skeletal trailers in a long-term rental deal with Ryder.