Pollock (Scotrans) made a loss in 2015 after the collapse of paper maker Tullis Russell and ongoing integration of 2014 acquisition Gilbraith (TS) made for a “challenging year”. The Scottish firm saw its pre-tax profit fall 60% for the year ended 29 August 2015, to -£123,354 (2014: £306,021). The period saw the collapse of client Tullis Russell, which owed Pollock a total of £158,434 when it went into administration in 2015. Pollock operations director Mark Jackson said Pollock’s work for […]
JSC Russian Railways (RZD), is in talks to buy 75% of Gefco, the logistics arm of cash-strapped car maker PSA Peugeot Citroën for €800m (£640m). PSA Peugeot Citroën said the proposed deal should speed Gefco’s growth by creating a business with enhanced reach in logistics services linking Europe and Asia. The existing management team, led by its president Luc Nadal, will not change, it added. Vitaly Belskiy, from consultancy Frost & Sullivan, said: “The deal is a clear ‘win-win’ for […]
CitySprint has acquired Brighton-based same-day firm, Bullit Couriers, improving its access to the area.
Kuehne + Nagel’s acquisition of international groupage specialist RH Freight in March last year caught many in the industry – including Motor Transport it has to be said – by surprise. But it was all part of the Swiss-owned global logistics business’ long term strategy, as Glenn Lindfield, KN’s senior vice president for contract logistics in North West Europe, tells Steve Hobson Unlike some other logistics firms who spend big money promoting their brands, family-owned Swiss logistics giant Kuehne + […]