Tevva Motors has received a £10m funding injection from India’s Bharat Forge, which it said will boost its global expansion plans and create further jobs at its Chemlsford, Essex plant. The automotive firm, founded by CEO Asher Bennett, makes electric trucks in the 7.5-tonne to 14-tonne range, many of which feature range-extending technology. This combines unlimited range from an on-board generator with smart control software to ensure minimum emissions in low-emission zones and city centres. The company was established just […]
UPS has acquired specialist international and temperature-controlled load broker Freightex for an undisclosed sum, and will merge it with Coyote Logistics – a similar business in North America that UPS acquired in August 2015.
With volumes and demand on the up, 2012 has been a year of change for parcel carriers. But adjusting to the increase in demand in a competitive market has been easier for some than it has for others. Motortransport.co.uk looks back at some of the biggest stories in the parcel market during the past 12 months. UPS agrees TNT takeover bid Parcel giant UPS’ planned acquisition of TNT Express was one of the most talked about stories in the parcels […]
Former TNT Express chairman and chief executive Marie-Christine Lombard has taken up the position of chief executive of Geodis. Having left the parcel firm last month, Lombard will take up the position vacated by former chief executive Jean-Louis Demeulenaere. She will oversee the firm’s transport and logistics division, Geodis Calberson. Jean-Louis Demeulenaere is leaving Geodis to “pursue new projects”, according to a company statement issued yesterday. The appointment comes as of a governance shake-up by the board of directors, which […]