Land, sea and air freight and logistics firm Amco Services (International) has been sold in a pre-pack deal which has saved 160 jobs. The company called in the administrators in April after the impact of the Covid-19 pandemic disrupted a turnaround plan launched earlier in the year in response to mounting cash and creditor pressure. The deal sees around 160 jobs saved and the firm’s depots in Redditch, Worcester and Telford kept in operation. The pre-pack sale, arranged by joint […]
Some haulage contractors should be charging over four times the rate they are currently being paid, a prominent costs expert has warned. Brian Fish, MD of logistics and transport consultancy DFF International – who compiles the RHA’s annual cost tables and previously ran family haulage firm Joseph Fish & Sons – has approached MT.co.uk with calculations showing rates per mile that vary, subject to route, from £2.13 to £4.47. Looking at three different daily routes of 100, 200 and 280 […]
Regulatory approval for the multi-billion euro UPS and TNT Express merger is dependent on whether the new company would be challenged enough by its competitors, the European Commission has said. If the deal is approved, the number of major parcel delivery companies in Europe will be reduced from four to three, which the regulator is concerned will reduce the amount of competitive service customers will have access to. Joaquín Almunia, vice president of the European Commission, responsible for competition policy, […]
Welsh quarrying and haulage group GD Harries (GDH) is to be sold to construction materials company SigmaRoc.