The basket of MT shares has only drifted northwards by 7p in the past seven days. But growth at the rate of a penny a day is a fair old shift for a traditionally quiet time of year in the road transport industry, indicating that there is a lot of sentiment backing the success of Britain’s transport firms. Already this week we have seen a big contract win for Wincanton subsidiary Pullman Fleet Services – this story ran on our […]
Vehicle transporter Autologic’s shares have today been delisted from the Alternative Investment Market following its takeover by Stobart Group. Stobart Group made its formal £12.4m offer for Autologic in June, having been in talks since May. The ability of Autologic to use Stobart Rail infrastructure to reduce the level of empty running endemic to the car transporter sector, as well as the benefits of access to Stobart’s storage sites, were both cited as reasons why the deal made sense. Stobart […]
Royal Mail has proposed a new three year agreement with the Communication Workers Union (CWU), following a ballot for industrial action last month.
Whistl saw a leap in pre-tax profit in its first full-year results since the MBO that saw it separated from its PostNL origins.