Welch’s Transport has laid down foundations for the future with the appointment of fourth-generation family member Chris Welch as its commercial director. Welch, who is the great-grandson of founder Gordon Welch and son of MD Jim Welch, joined the Cambridgeshire-based family firm in 2014. His previous posts include operations director at DHL in Cambridge and general manager at Dial-a-TV in Huntingdon, Cambridgeshire. Speaking to MT, MD Jim Welch said his son’s appointment as commercial director was part of a succession […]
JSC Russian Railways (RZD), is in talks to buy 75% of Gefco, the logistics arm of cash-strapped car maker PSA Peugeot Citroën for €800m (£640m). PSA Peugeot Citroën said the proposed deal should speed Gefco’s growth by creating a business with enhanced reach in logistics services linking Europe and Asia. The existing management team, led by its president Luc Nadal, will not change, it added. Vitaly Belskiy, from consultancy Frost & Sullivan, said: “The deal is a clear ‘win-win’ for […]
Knights of Old has come out fighting after landing a major new contract and vowing to overcome a difficult period that saw it record a “substantial” operating loss of £2.7m.
Brian Yeardley Continental is proposing to issue a company voluntary arrangement after its events transport division, TRUCKINGBY Brian Yeardley, suffered the “devastating” loss of £12m due to the Covid-19 pandemic.