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 […]
St Austell Brewery has renewed its UK distribution contract with XPO Logistics
Struggling M and J Haulage threw in the towel after learning client British Sugar was to reduce its work, report reveals
Major sugar beet haulier M and J Haulage collapsed into administration due to a heavy reliance on finance to fund investments, low margins and the prospect of less work from British Sugar, according to KPMG.
Wincanton says it “regrets” Unite’s call to members to reject proposals over tanker driver terms and conditions, and is hopeful that its drivers will recognise the progress made during the past eight days of negotiations between fuel distribution firms and union chiefs by voting to end the long-running dispute. The company says the new proposals are a positive step in bringing the wider industry up to the same high standards of training, health and safety provided by the six tanker […]