DHL Express completed the sale of its same-day domestic business to Rico Logistics last week. The same-day and parts distribution company said the deal, its first acquisition, has seen its fleet grow to 1,400 vehicles across 35 sites nationwide when the two businesses began to operate together on 1 November. Rico’s director of sales and marketing, Martin Cheeseman, told MT.co.uk: “The investment by TVS has brought about some significant changes to Rico. These changes focus on growing the organisation, both […]
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 […]
CitySprint is looking to recruit an additional 300 drivers in the run-up to this year’s festive period following a record 2012 Christmas, which saw more than 250,000 packages delivered.