Mergers and acquisitions (M&A) activity in the transport sector throughout the world is predicted to rise for the fourth consecutive year, according to a report from KPMG. The analysis predicts the amount raised by completed M&A transactions this year will exceed £52bn, surpassing last year’s figure of £48bn. Freight and logistics M&A activity specifically has quadrupled since 2013, according to the report. Completed transactions worth £7.2bn were recorded for the year, which rose to £31.4bn in 2015, with a further […]
The future of Hellmann Worldwide Logistics rests on the success of a major refinancing deal being negotiated by its German parent company, the 3PL’s auditor KPMG has warned.
Underlay and flooring accessory manufacturer Interfloor has outsourced its transport to Norbert Dentressangle, in a three-year multi-million pound deal. The operation involves more than 100 outbound movements from Interfloor’s production sites in Haslingden, Lancashire and Scotland’s Dumfries. ND will use a new fleet of 19 artics with cutainside-trailers and 11 (18-tonne) rigids to handle the outbound movements. It will also make more than 500 customer deliveries a week. Ian Merrifield, operations manager at Interfloor, said: “We are committed to improving […]
“We’re an all time high, we’ll change all that’s gone before, doin’ so much more….” This week the basket of shares in the MT Tracker hit it’s highest point since its inception. The basket now stands at 1,954.5p. Shares in Stobart Group are back in to triple figures for the first time since January; shares in Wincanton are at their highest level for the whole calendar year and shares in NWF Group and UK Mail are pretty much at the […]