The administrator of Stanian Transport said the company has about 70 lorries participating in a legal claim for compensation from truck manufacturers involved in a price-fixing cartel. Alvarez and Marsal Europe LLP are currently managing the Manchester haulier’s affairs after it entered administration on 18 November 2019. On the same day, it was sold in a pre-pack deal to the children of its directors, who run a smaller transport firm called HNC Transport. In its latest report to creditors, the […]
They told us it would happen: in April 2012, advisory firm KPMG predicted a flurry of mergers and acquisitions in the logistics and distribution sector during the year… and that’s exactly what we got. Top of the pile in terms of the most noteworthy was undoubtedly the UPS/TNT Express merger announced in March and set to create a £37bn turnover logistics giant. The takeover was described at the time by TNT Express chief executive Marie-Christine Lombard as a move that […]
The industry’s leading trade associations have slammed the Welsh government’s decision to ditch plans for a £1.4m M4 relief road, announced today (4 June).
A senior Transport for London (TfL) official has welcomed today’s launch of the newly formed Driver and Vehicle Standards Agency (DVSA), formed by the merger of Vosa and the DSA.