VW has extended its reach into the US truck manufacturing market after signing off on a $3.7bn deal for its heavy-truck unit Traton to acquire Navistar International. Navistar, the maker of International branded trucks, is a major player in North America. The deal will allow Traton, which makes Scania and MAN vehicles, to expand beyond sales in Europe and Latin America and lay down a global challenge to rivals Daimler and Volvo. VW will provide Traton with a 12-18-month loan […]
UPS’s UK business recorded “modest growth” last year in both turnover and pre-tax profit, with revenue rises largely driven by its European and international businesses.
Eddie Stobart Logistics subsidiary O’Connor Container Transport is set for further integration into the group after racking up a loss of £800,000.
Royal Mail’s parcels revenue has overtaken letters for the first time and now represents 60% of its entire turnover, according to the postal group.