MT Top 100 company Seafield Logistics has been placed into administration. In a statement Grant Thornton confirmed it had been appointed as the firm’s administrator today (11 June), with David Riley, Les Ross and Joe McLean handling the process. “Immediately following the appointment, the bulk powder transport business was sold to Abbey Logistics and the warehousing business based in Winsford was sold to Lomas Distribution. “The two sales protect in excess of 110 jobs and provide continuity to the key […]
UPS has pulled out of its €5.16bn offer for TNT Express – in a deal that would have created a business with a combined annual turnover of £1.3bn in the UK – blaming European Commission (EC) concerns with the acquisition. The proposed merger is expected to be prohibited by the EC, the parcel giants warned in joint statements this morning (14 January). TNT said UPS sees “no realistic prospect” that it will receive EC clearance and will formally terminate the […]
Eddie Stobart Logistics (ESL) has extended its reach in the bulk sector after clinching a five year deal with Lallemand Biofuels and Distilled Spirits (LBDS).