Gefco expects its UK arm to be profitable in 2012, as it prepares for the beginning of a major seven-year contract with General Motors that begins in January. The automotive logistics specialist narrowed its losses in the UK for the year-ending 31 December 2011 to £324,000 from £3.7m in the previous year. Turnover fell slightly from £114.5m to £112.5m. Sales and marketing director John Stocker told MT that the losses were a legacy of the 2006 closure of Peugeot’s plant […]
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 […]
Gefco UK has extended its sustainable packaging contract with plant manufacturer Caterpillar BCP.
Logistics firms have won millions of pounds in new and extended contracts this year from retailers and manufacturers based in the UK and beyond. Here is Motortransport.co.uk’s top 10 contract wins of 2012. Ceva Logistics wins five year Silentnight home delivery contract In June, Ceva revealed that it had won a five-year contract delivering beds for Silentnight Group, taking over from three separate logistics companies. It will make over 70,000 deliveries a year from Silentnight’s manufacturing plants in Cumbria and […]