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 […]
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.
Bedfords Group has returned to the acquisition trail with the purchase of RPL Transport.
Stobart is still restructuring the former Innovate business it acquired out of administration in 2008 – a process that has been “more challenging, costly and further reaching than first planned”. The admission came as Stobart Group revealed profit rose 10% at its transport and distribution division (Eddie Stobart) to £14.2m in the first six months ended 31 August. This was despite a 5.6% fall in turnover to £251.1m. “We have improved our margins in [Eddie Stobart] through more effective financial […]