Abbey Logistics has bought the complete share capital of bulk liquid food operator Armet Logistics, creating a business with a combined turnover of £70m. Based two miles from Abbey’s Liverpool HQ, Armet has a fleet of 90 liquid tankers, which will give the combined business a liquid tanker fleet of 280, as well as 400 tractor units. In its most recent results for the year ended 28 February 2015, Armet recorded turnover of £11.4m and pre-tax profit of £676,000. […]
The European Commission has launched what it terms an “in-depth” investigation into the proposed acquisition of TNT Express by FedEx.
A new web portal that aims to marry up tanker operators with suitable loads is to be launched this summer by transport management consultancy Lateu Logistics.
A focus on growth, rather than reducing cross-company costs, will be Abbey Logistics’ priority after its acquisition of Armet Logistics.