Peterborough haulage firm Bison Transport Group is under new ownership after it was snapped up by entrepreneur Andy Scott. The company, which has been trading for four years, provides haulage services to companies such as Ikea, Amazon and Maritime, operating out of two depots with 50 HGVs. The corporate takeover is Scott’s 10th in two years and is his third transport business (he purchased removal firm AG Cannon in July and owns Reliable Removals & Storage). He said the plan […]
The offer period for the proposed merger of UPS and TNT Express has once again been extended. Following an exemption granted by The Netherlands Authority for the Financial Markets (AFM), the period has been extended until one week after competition clearances have been obtained from regulators, the European Commission and the Chinese Ministry of Commerce. The clearances are not expected to be issued before the end of the current offer period on 9 November. The latest extension will see the […]
UPS has appealed against the European Commission’s (EC) decision to prohibit its acquisition of TNT Express, on the basis the decision was “factually and legally erroneous”.
EmergeVest, the Hong Kong-based private-equity investor that has acquired CM Downton, NFT Distribution and Palletforce over the past four years, has merged its road transport and logistics assets into one company: EV Cargo.