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 […]
UPS has pulled out of its multi-billion Euro bid to take over TNT Express, almost a year after it first entered into talks with the parcel firm. It hoped the merger would create a €45bn (£37.4bn) logistics giant, increasing the US firm’s presence in the European market. However on Friday (11 January), the European Commission (EC) told both parties that it planned to prohibit the merger. MT.co.uk looks at how the story developed over the year. The merger process began […]
Like hauliers, truck dealers are consolidating, getting bigger, and widening the range of services they offer. Dealers no longer just sell trucks; they are increasingly taking on the vehicle repair and maintenance as more operators close their fleet engineering departments and rely on dealers for their R&M and other technical support. Rygor Commercials is a good example of this trend. The UK’s largest Mercedes-Benz franchise following its takeover of Mudie-Bond last year, Rygor’s territory now covers much of central southern […]
Frozen food specialist Yearsley Group has been acquired by the US temperature-controlled supply chain operator Lineage Logistics.