Hargreaves Services has said that its transport division saw a 7.6% rise in turnover in the year-ending 31 May, as it benefited from strong dry bulk volumes. Turnover at Hargreaves Transport increased from £82.7m to £89m, it said in preliminary results, with dry bulk contributing £59.3m to that total. Operating profit in the division also increased, from £4m to £4.5m, of which dry bulk contributed £2.2m and tankers contributed £2.3m. Since Hargreaves closed its financial year it has sold Imperial […]
Suttons Group is spending more than £6m on new tractor units– the first in the UK road tanker fleet to feature the company’s new branding.
Analysts have said the planned sale of DHL Express’s same-day domestic business will create another major player in the market to compete with CitySprint, and is unlikely to affect DHL’s profitability.
2015 saw some shocks in the market; FedEx bidding for TNT Express; XPO Logistics buying Norbert Dentressangle and BCA Marketplace buying Eddie Stobart’s automotive business. But they weren’t the only acquisitions in a year packed with M&A activity. We take a look at some of the deals that changed the industry.