Family-run John Jempson & Son added more than £1m to its turnover last year, thanks to a buoyant construction market in London. The Rye, East Sussex haulier and Palletforce member reported a turnover of £13.8m for the year ending 31 October 2017, up 8% on 2016’s £12.7m. Pre-tax profit also increased to £392,000, from £333,000 the year before. Chairman Jonathan Jempson told MT that the increase could be attributed to the building materials it transports. “It’s been a busy year,” […]
Lombard, the asset finance division of the RBS Group, is actively seeking funding opportunities in road transport, bucking the trend which has seen several lenders leave the market since 2008. Lombard’s head of commercial transport, Derek Pridmore, says it is not the case that operators looking to fund new vehicles have little choice but to use manufacturers’ captive finance offering. “We financed £250m of truck sales in 2011, making Lombard the biggest single funder of CVs in the UK,” he […]
VW has extended its reach into the US truck manufacturing market after signing off on a $3.7bn deal for its heavy-truck unit Traton to acquire Navistar International.