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 […]
Norbert Dentressangle has been officially purchased by XPO Logistics. The deal to acquire 67% of the business from the Norbert family has gone through less than six weeks after an unsolicited €3.24bn (£2.3bn) bid was made by the US firm for the business.
RPL Transport has followed parent company Bedfords Group into administration, motortransport.co.uk has learnt.
While TDG may not have invented the term 4PL, it was certainly one of the leaders in making the concept work for its customer Corus Steel back in 2006. Since then TDG has been acquired by Norbert Dentressangle (ND) and Corus taken over by Tata Steel, and 4PL has been renamed KeyPL, but the business has gone from strength to strength, as Paul Hayes, director of KeyPL Transport at ND, explains to Steve Hobson