A €3.2bn (£2.3bn) acquisition of French transport and logistics giant Norbert Dentressangle by US group XPO Logistics could be just the first in a series of takeovers of European companies the Greenwich, Connecticut firm’s chairman Bradley Jacobs has said. Speaking the day after news of the takeover emerged, Jacobs said XPO’s move to acquire ND could result in a number of further takeovers in the next two years. “With ND, we have a whole new platform, a whole new geographic […]
Bulk logistics service provider Van den Bosch has acquired Tankspeed Logistics in Newport, bolstering its work in the intermodal transport of dry bulk products.
TNT said it is more certain about its future after the collapse of its multi-billion euro acquisition by UPS last week, despite analysts warning that the industry giant needs to “work out what is going on”. UPS pulled the plug on the €5.16bn (£4.31bn) deal after it became clear that the European Commission (EC) would veto the acquisition, which had been bogged down in EC red tape for the past 10 months, due to competition concerns. UPS said it was […]
2016 saw the UK vote to leave the EU, Donald Trump preparing to move into his new house across the pond, and Sadiq Khan introduce unprecedented safety measures for operators working in London. But these headlines aside, 2016 has still been a busy year for the road transport sector. As we approach the end of the hugely eventful 2016, the MT team discuss the year’s key events, Brexit aside, and the things to look out for in the coming months. […]