BCA Marketplace, which owns WeBuyAnyCar.com, paid £16m in cash for Eddie Stobart’s automotive logistics business when it purchased it earlier this year. The acquisition of the company, previously known as Autologic, also saw Avril Palmer-Baunack – the former Stobart chairwoman and Autologic chief executive – rewarded with a bonus. Details of the sale and bonus are detailed in BCA Marketplace’s half-yearly report for the nine months to 4 October 2014. The report states that the business’ net assets were valued […]
City Link narrowed its losses by 54% in 2012, but a reduction in volumes from higher margin B2B customers meant that its performance was behind the expectations of parent company Rentokil Initial.
Eddie Stobart Logistics (ESL) is preparing to make redundancies across the group, motortransport.co.uk has learnt, with sources claiming around 100 jobs are at risk.
Adjusted EBITDA at Ceva Logistics doubled to $80m (£51.6m) during the second quarter of 2013 as it continues to restructure its balance sheet and experience more growth in the UK.