Two transport managers at Lincolnshire bulk haulage firm Alford Traffic Services have completed a management buy-out. The deal, which was completed by transport managers Will Peck and Mike Limb, has secured the future of the business after its owners decided to sell the company. The aggregate and grain haulage firm, which according to DVSA records has operating centres in Alford, Goole, Grimsby and Lincoln, runs a fleet of 34 trucks. It has recently taken delivery of three Mercedes-Benz Actros units, […]
The MD of Potter Logistics has described the 2013/14 financial year as another excellent one for the Selby-based business, with a near 50% increase in pre-tax profit.
Knights of Old has said it expects to “reap the benefits of larger economies of scale”, after a full year of trading incorporating its 2013 acquisition of AE Parker saw pre-tax profit and turnover rise.
Lombard, the asset finance division of the RBS Group, is actively seeking funding opportunities in road transport, bucking the trend which has seen several lenders leave the market since 2008. Lombard’s head of commercial transport, Derek Pridmore, says it is not the case that operators looking to fund new vehicles have little choice but to use manufacturers’ captive finance offering. “We financed £250m of truck sales in 2011, making Lombard the biggest single funder of CVs in the UK,” he […]