Telematics and transport technology firm Microlise has bought TruTac in a move aimed at strengthening its presence in the HGV and PSV sectors. The company, which was launched in 1990, specialises in providing fleet compliance and management software for HGVs and PSVs. The acquisition, for an undisclosed sum, sees Coventry-based TruTac remain an independent company within the Microlise Group. Nadeem Raza, Microlise chief executive, said: “We are delighted to announce this acquisition and we welcome the TruTac team to Microlise. […]
DX Group has entered an agreement to sell its Business Direct operations to ByBox Field Services by 21 December, disposing of its overnight parts distribution service.
A 55% rise in turnover at Norbert Dentressangle’s UK group company Norbert Dentressangle Logistics was achieved last year as a result of cost reductions, new business and the first full year’s effect of the acquisition of TDG in October 2011.
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 […]