The TNT shareholders have between Monday and 30 October to accept the proposed acquisition offer from FedEx. A joint statement from the two companies said the deal will be discussed with shareholders at a meeting on 5 October. The offer made to shareholders is a public cash offer, priced at €8 (£5.77) per ordinary share, providing at least 95% of shareholders vote in favour of the deal. However that figure will be reduced to 80% if shareholders vote in favour […]
Following its acquisition of Browns Chilled Distribution in September, Newmarket, Suffolk-based Turners (Soham) has started taking delivery of 50 new Mercedes-Benz Actros tractive units as part of a replacement programme for the Browns fleet. The trucks, which are all 6x2s, will be based at Browns’ Bicker site, near Spalding, and will operate at maximum GVW on a mix of regional and national work, said Turners’ group fleet engineer Tim King. Around 20 of the new trucks are already on the […]
Royal Mail has revealed that fuel costs for its fleet of 37,000 light and heavy commercial vehicles are at a record high, pushing it to introduce a fuel surcharge for the first time.
Palletways has cemented its position as Europe’s largest pallet network with the opening of both Bulgarian and Romania hubs.