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 […]
It has emerged that Norbert Dentressangle, taken over last month by US firm XPO Logistics, was ordered in March to pay a former employee more than £8,000 for unfair dismissal, after sacking him last year for what his employer deemed was a sexually suggestive picture posted on his Facebook page.
The administrator attempting to salvage Prolog said it is in discussions with more than 70 interested parties to try and agree a sale of the Nottinghamshire warehouse and distribution firm.
Netherlands-based Agro Merchants Group has bought Motor Transport Award winner Grocontinental for an undisclosed sum.