Cathay Investments has acquired Cardiff-based logistics and warehousing firm Rhys Davies and Sons for an undisclosed sum. Rhys Davies and Sons, which trades as Rhys Davies Logistics (RDL), runs a fleet of 170 vehicles, including 150 articulated trailers, and has more than 560,000 sq ft of warehouse space across nine UK sites. This latest acquisition by Cathay Investments follows that of Warehouse One Distribution last month. Announcing the deal, Ben Chaing, chief executive of Cathay, said: “We are delighted to announce our […]
The purchase of Macintyre Transport is a “significant” move that has doubled the size of Turners (Soham)’s container vehicle fleet in one fell swoop, according to its boss Paul Day.
The European Commission (EC) has extended the deadline for the completion of its investigation into FedEx’s proposed acquisition of TNT.
Sainsbury’s and Asda’s distribution networks could be a target for cuts if the proposed merger between the two supermarket giants goes ahead, a retail analyst warned this week.