Volvo Group has announced the appointment of former Scania president and chief executive officer Martin Lundstedt (pictured) as its own new president and CEO. Lundstedt, who will take up his new job in October, replaces Olof Persson who steps down with immediate effect. Group chief financial officer Jan Gurander will take over Persson’s responsibilities in the interim. A spokesman for Volvo confirmed that Persson, who had been at the helm for almost four years, did not leave of his own […]
Pressure on rates has led to Felixstowe-based container specialist Macintyre Transport reporting a 9% fall in pre-tax profit despite a near 11% rise in turnover. Turnover in the year to 30 April 2012 rose from £19.3m to £21.4m due to organic growth, said chairman Harvey Macintyre; pre-tax profit, however, fell from £895,000 to £813,000. Much of the profit slide was attributable to stagnant rates, said Macintyre. “We have been very proactive in taking costs out of the business since 2008, […]
Linwood, Renfrewshire logistics firm the Malcolm Group has taken delivery of 40 Volvo FM11 tractive units, following a fuel trial in which it achieved over 9mpg.
Maritime Transport saw pre-tax profit rise almost 10% year-on-year despite the collapse of “significant customer” Hanjin Shipping last year.