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 […]
Wine merchant Gerrard Seel has chosen Gefco UK as its multimodal logistics provider.
French-owned Gefco Group is planning to sell a 40% stake in its business this year.
Gefco has signed a seven-year contract with General Motors to manage inbound and outbound logistics for the US car maker across Europe. As part of the deal, which starts in 2013, Gefco will supply GM assembly sites in the UK, Poland, Spain, Germany and Russia from European suppliers and worldwide export ports. It will then ship vehicles across the world, distributing around 1.2 million Opel, Vauxhall and Chevrolet vehicles annually. The logistics arm of PSA Peugeot Citroen, which is currently […]