XPO Logistics has begun raising $3.26bn (£2.1bn) to finance its takeover of Norbert Dentressangle and for other, as yet unspecified acquisitions. The US firm, which last month indicated that its €3.2bn (£2.3bn) acquisition of the French transport and logistics giant could be just the first in a series of takeovers of European companies, has secured an investment by a group of global institutional investors that will raise $1.26bn; and has also announced the issue of $2bn of corporate bonds. XPO […]
Specialist truck provider MV Commercial is to buy tipping trailer and rigid body manufacturer Fruehauf out of administration in a “multi-million” pound deal which will see the transfer of all 120 workers at the business.
Norbert Dentressangle (ND) has announced an extension to its warehousing and distribution contract with hygiene products manufacturer Kimberly-Clark Professional for a further three years.
Palletline Logistics, part of the palletised freight distribution network Palletline, has acquired the overnight delivery business of South London-based PF Whitehead Logistics.