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 […]
Prolog, a Nottinghamshire warehousing, distribution and logistics provider, has been put up for sale after entering administration as expected.
More than 600 Comet staff at 12 UK locations have lost their jobs after the joint administrators axed most of its home delivery operation. The collapse of the high street retailer has so far resulted in almost 900 redundancies while Deloitte continues to search for a buyer for all or parts of the business. The 603 workers of the home delivery division are based at 12 hub locations across the country, including 66 at Skelmersdale, 62 at Coatbridge and 59 […]
DHL Supply Chain has trumped its rivals in a competitive tender bid to run a brand-new Marks & Spencer South-East distribution centre.