Essex-based freight forwarder and haulier Simarco has purchased Longport-Staffordshire based IFB for an undisclosed sum. Established in 1984, IFB had a turnover of £10.3m in the year to 31 December 2012 and made a pre-tax profit of £451,049, broadly in line with its performance a year earlier. The freight forwarder, which undertakes European and ADR work, has an O-licence for up to 15 vehicles at its base of operations on Chemical Lane in Staffordshire and a 45,000 ft² facility. Simarco, […]
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. […]
A new freight service has been launched from the Port of Liverpool which opens a direct link between the North West of England and Northern Spain and Portugal.