Norbert Dentressangle has been officially purchased by XPO Logistics. The deal to acquire 67% of the business from the Norbert family has gone through less than six weeks after an unsolicited €3.24bn (£2.3bn) bid was made by the US firm for the business. XPO will now launch a tender to acquire the remaining stock in Norbert Dentressangle at a price of €217.50 per share. This represents a 34% premium over the closing price of ordinary shares in the company on […]
Norbert Dentressangle (ND) has won a new three-year contract with motor fuels supplier Harvest Energy.
Gregory Distribution, which last year snapped up Interoute Transport Services, has purchased Devon-based refrigerated haulage business M&D Transport.
The explosive growth in e-commerce in recent years has left the road transport industry struggling to provide enough capacity. MT looks at the implications of this change. Today (3 December) is Cyber Monday, where consumers in the full swing of crazed Christmas-gift buying are expected to set a record and make 115 million visits to online retail sites. If Experian’s prediction is realised, it will represent a leap of 36% on the same day last year. For December as a […]