JSC Russian Railways (RZD), is in talks to buy 75% of Gefco, the logistics arm of cash-strapped car maker PSA Peugeot Citroën for €800m (£640m). PSA Peugeot Citroën said the proposed deal should speed Gefco’s growth by creating a business with enhanced reach in logistics services linking Europe and Asia. The existing management team, led by its president Luc Nadal, will not change, it added. Vitaly Belskiy, from consultancy Frost & Sullivan, said: “The deal is a clear ‘win-win’ for […]
York-based haulage firm Revis Transport has continued its drive for growth with the acquisition of Spandler Bros from Bunn Fertiliser.
Hargreaves Services has said that its transport division saw a 7.6% rise in turnover in the year-ending 31 May, as it benefited from strong dry bulk volumes.
Analysts have said the planned sale of DHL Express’s same-day domestic business will create another major player in the market to compete with CitySprint, and is unlikely to affect DHL’s profitability.