Scottish haulier Ferguson Transport (Spean Bridge) has continued its acquisition drive with the purchase of Fife-based haulier Barclay Bros for an undisclosed sum. The family run general haulage firm, which has a fleet of 20 vehicles and 30 trailers, will merge with the Ferguson Transport group of companies and trade under the banner of Ferguson Transport and Shipping. All of Barclays Bros staff will be transferred to Ferguson Transport as part of the deal. This latest purchase follows Ferguson’s acquisition of […]
Regulatory approval for the multi-billion euro UPS and TNT Express merger is dependent on whether the new company would be challenged enough by its competitors, the European Commission has said. If the deal is approved, the number of major parcel delivery companies in Europe will be reduced from four to three, which the regulator is concerned will reduce the amount of competitive service customers will have access to. Joaquín Almunia, vice president of the European Commission, responsible for competition policy, […]
A €3.2bn (£2.3bn) acquisition of French transport and logistics giant Norbert Dentressangle by US group XPO Logistics could be just the first in a series of takeovers of European companies the Greenwich, Connecticut firm’s chairman Bradley Jacobs has said.