Turners (Soham) has continued its drive into the container sector with the acquisition of Goldstar Transport, creating a group with a combined turnover of more than £350m. Turners (Soham) MD Paul Day said the move was part of the company’s goal to expand its presence in the container logistics market and that given Goldstar Transport’s status in the market the acquisition made perfect sense. “Goldstar is one of the market leading companies, so they’ve got the knowledge, they’ve got the […]
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.
Operators and logistics firms were poorly represented in the 2012 Sunday Times Rich List, published yesterday. The Barclay brothers, Sir David and Sir Frederick, owners of parcel giant Yodel, remain the richest men involved in road transport with a fortune of £2.2bn. Alastair Salvesen and family are second. The former owners of Christian Salvasen, which was sold to Norbert Dentressangle for £254m in 2007, are worth £1.3bn. Also making the list are Dawsongroup owners Peter Dawson and family. The truck […]
Jersey Post has bought Portsmouth haulier Fraser Freight, after what the carrier described as one of its “most financially challenging years” to date.