Pollock (Scotrans) saw turnover climb in its first financial results since its acquisition of fellow Palletways member Gilbraith (TS) last February. At the time of purchase, Pollock said it was expecting to see its turnover rise to more than £25m in the future. The company’s latest results, for the year ending 30 August 2014, show a turnover of £26.9m; a 24% increase on the previous year’s figure of £21.7m [albeit not a full year’s contribution from Gilbraith]. Pollock attributed the […]
XPO Logistics has begun raising $3.26bn (£2.1bn) to finance its takeover of Norbert Dentressangle and for other, as yet unspecified acquisitions.
Cambridgeshire transport and storage provider Knowles Transport managed to generate an 11.4% pre-tax profit margin in the year to the end of December 2013 despite a sharp drop in turnover, figures logged recently at Companies House have shown.
UPS and TNT Express have submitted remedies to the European Commission to address its competition concerns, extending the review period further. The submission extends the EC’s review period by 15 business days to 5 February 2013. The proposed remedies involve the sale of the business activities and its assets. UPS needs to ensure the long-term viability of these activities and the continuity of service already provided by TNT Express. In order to receive approval, the EC will market-test the remedies. […]