MT Top 100 company RT Keedwell Group has bought RJ Jones Group in a deal that supports the firm’s existing customer base, while opening the door for new clients. The group signed the deal last week with the Holywell-based haulier, which also has sites in Cardiff, Desborough and Scarborough. Approximately 90 vehicles, 230-plus trailers and 120 staff have transferred to RT Keedwell. “Trading is still challenging, but looking positive,” said Jon White, group commercial director at RT Keedwell. “It is […]
The Big Green Parcel Machine is continuing to exceed Connect Group’s expectations.
UPS and TNT Express have submitted remedies to the European Commission to address its competition concerns, extending the review period further. The submission extends the EC’s review period by 15 business days to 5 February 2013. The proposed remedies involve the sale of the business activities and its assets. UPS needs to ensure the long-term viability of these activities and the continuity of service already provided by TNT Express. In order to receive approval, the EC will market-test the remedies. […]
They told us it would happen: in April 2012, advisory firm KPMG predicted a flurry of mergers and acquisitions in the logistics and distribution sector during the year… and that’s exactly what we got. Top of the pile in terms of the most noteworthy was undoubtedly the UPS/TNT Express merger announced in March and set to create a £37bn turnover logistics giant. The takeover was described at the time by TNT Express chief executive Marie-Christine Lombard as a move that […]