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 […]
Norbert Dentressangle has won a £3m two-year contract with Nestlé Waters UK to provide an intermodal operation for importing bottled water from mainland Europe. The logistics giant will make around 900 scheduled collections and deliveries a year, moving full trailer and container loads at fixed times. This will involve collecting Vittel from the eponymous town, and Perrier from Vergeze, in France. San Pellegrino will be collected from two sites in Italy – Madone and Ruspino – before onward transportation to […]
Same day courier firm CitySprint has completed its third acquisition this year with its purchase of Enfield-based The Courier Service.
Marks & Spencer has renewed its contract with Norbert Dentressangle for a further five years.