UPS has pulled out of its multi-billion Euro bid to take over TNT Express, almost a year after it first entered into talks with the parcel firm. It hoped the merger would create a €45bn (£37.4bn) logistics giant, increasing the US firm’s presence in the European market. However on Friday (11 January), the European Commission (EC) told both parties that it planned to prohibit the merger. MT.co.uk looks at how the story developed over the year. The merger process began […]
Tevva Motors has received a £10m funding injection from India’s Bharat Forge, which it said will boost its global expansion plans and create further jobs at its Chemlsford, Essex plant.
The public spending watchdog has criticised the government for failing to prepare for Brexit and said between 40% and 70% of laden HGVs travelling to the EU will not be ready for Customs requirements.
Parcel carrier Worldwide Logistics and Distribution (WWLD) has acquired two-man delivery firm HTH Logistics, which trades as Home Direct Logistics.