European truck manufacturers have been hit with a record €2.9bn (£2.5bn) fine after they colluded for 14 years on truck pricing and on passing on the costs of compliance with emissions rules. The European Commission (EC) found that MAN, Volvo Group (parent company to Volvo Trucks and Renault Trucks), Mercedes-Benz parent Daimler, Iveco and Daf broke EU antitrust rules by forming a cartel to discuss the coordination of factory prices for trucks; timings for the introduction of emissions technology to comply […]
The European Commission (EC) said the aborted UPS and TNT merger would have increased prices and would not have been challenged enough by other carriers. The regulator officially blocked the merger from taking place on 30 January, claiming it would have restricted competition for express delivery between European countries in 15 nations. It also said that the acquisition would have reduced the number of “significant players” to two in some countries, which it claimed would have “likely harmed customers by […]
Cabotage regulations are unclear and unenforceable, according to the European Commission (EC).
Condor Logistics has appointed 10 new staff members as well as taking delivery of seven new vehicles across the Iveco range as it looks to adapt to an increase of 120 consignments per day since it joined the Palletways last year. The Portsmouth-based operator expects this number to rise to 200 consignments by the end of the year and has invested in rigids ranging between 18 and 26 tonnes to assist with local distribution. “We have ambitious plans to grow […]