UPS has acquired temperature-controlled operator Polar Speed for an undisclosed sum. The Leighton Buzzard-based operator, which runs a mixture of 118 temperature-controlled HGVs and vans for customers in the pharmaceutical sector, has been added to UPS’s healthcare operation across Europe. UPS Europe president Cindy Miller said: “Polar Speed is an excellent strategic and operational fit for UPS because of its focus on quality assurance, compliance, technology and monitoring solutions to protect high-value and sensitive pharmaceuticals during storage and transportation.” Polar […]
JSC Russian Railways (RZD), is in talks to buy 75% of Gefco, the logistics arm of cash-strapped car maker PSA Peugeot Citroën for €800m (£640m). PSA Peugeot Citroën said the proposed deal should speed Gefco’s growth by creating a business with enhanced reach in logistics services linking Europe and Asia. The existing management team, led by its president Luc Nadal, will not change, it added. Vitaly Belskiy, from consultancy Frost & Sullivan, said: “The deal is a clear ‘win-win’ for […]
Bibby Line Group has agreed the sale of Costcutter Supermarkets Group (CSG) to Bestway Wholesale – the UK’s largest independent wholesaler.
Welsh quarrying and haulage group GD Harries (GDH) is to be sold to construction materials company SigmaRoc.