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 […]
Amazon Logistics jumps to second place behind Royal Mail on index of Britain’s biggest parcel couriers
Amazon Logistics has risen to become the UK’s second largest courier by parcel volume, according to Pitney Bowes’ parcel shipping index.
TNT Express has said it hopes to see a “positive impact” from its profit improvement plan in the second half of 2013, after reporting a 26% drop in first quarter EMEA (Europe, Middle East and Africa) operating profit.
The transport and logistics sector is set for a flurry of mergers and acquisitions this year, according to advisory firm KPMG, following a year of subdued activity in 2011. Steffen Wagner, European head of transport transactions at KPMG, says: “This year certainly took off to a promising start. Many companies, particularly in the logistics segment, are sitting on full coffers and are ready for increased strategic acquisitions.” He adds that any activity will rely on three main factors: GDP development […]