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 and TNT Express have submitted remedies to the European Commission to address its competition concerns, extending the review period further. The submission extends the EC’s review period by 15 business days to 5 February 2013. The proposed remedies involve the sale of the business activities and its assets. UPS needs to ensure the long-term viability of these activities and the continuity of service already provided by TNT Express. In order to receive approval, the EC will market-test the remedies. […]
2015 saw some shocks in the market; FedEx bidding for TNT Express; XPO Logistics buying Norbert Dentressangle and BCA Marketplace buying Eddie Stobart’s automotive business. But they weren’t the only acquisitions in a year packed with M&A activity. We take a look at some of the deals that changed the industry.
TNT Express chief executive Marie-Christine Lombard has resigned, ahead of the parcel company’s acquisition by UPS. Chief financial officer (CFO) Bernard Bot will take over her position as interim CEO at the end of September, when Lombard leaves the company to pursue another career. “It is regrettable that Marie-Christine has decided to leave TNT Express now. We thank Marie-Christine for her contributions and wish her well for the future,” said Antony Burgmans, chairman of the supervisory board at TNT Express. […]