Trading in shares in Autologic will be suspended on 9 August as Stobart Holdings, a wholly-owned subsidiary of Stobart Group, completes its acquisition of the firm. On 18 June Stobart made an offer of £12.4m- the equivalent of 20p per share – for the automotive logistics firm. Both parties had been in talks since 24 May. Stobart said at the time it wished to acquire Autologic as it could enter the automotive logistics sector in a market-leading position. It is […]
The future of Linconshire Hazchem and Palletways Network haulier Rase Distribution has been secured after it was sold to HW Coates in Leicestershire.
Motor Transport: A Year in Review The industry has faced a challenging 2012 and since its launch in March, MT.co.uk has been here to cover the ups and the downs. Here is a month by month guide to the big stories of 2012. January saw B2C parcel operators report record Christmas volumes as a result of the biggest online Christmas the UK had ever seen. Hermes delivered 15 million items in its 2011 Christmas peak, while Yodel delivered 20 million […]