Currie Solutions has bought PS Ridgway of Dundee for an undisclosed sum. In a statement the acquirer said that “the business will be merged with the Currie group and brings several key benefits to both businesses. “Increased revenues, enhanced geographical footprint, traffic synergies and wider pallet network opportunities which in return will continue to improve the services we offer our customers”. The Palletways member has combined O-licences authorising up to 48 vehicles and 78 trailers, and 50,000sq ft of warehousing […]
This year’s most read was dominated by the sad demise of national haulier Canute, which never recovered from the end of its long-term contract with retailer Wilko last year.
The European Commission’s decision to prevent UPS from acquiring TNT Express “risks reducing competition, not increasing it”, an analyst at Transport Intelligence said. UPS has now pulled out of its multi-billion Euro plans to take over TNT Express, which the logistics analyst believes highlights the scale of the challenges the US parcel carrier faced in regard to meeting the regulatory requirements. Transport Intelligence head of consultancy Joel Ray said: “Their decision making process looks flawed, caused by a fundamental lack of […]
Mergers and acquisitions (M&A) activity in the transport sector throughout the world is predicted to rise for the fourth consecutive year, according to a report from KPMG.