White glove delivery firm Panther Logistics has been acquired by US-based AIT Worldwide Logistics for an undisclosed sum. The deal will see Panther MD Colin McCarthy step down from the position with commercial director Gary McKelvey (pictured) taking on the role. The company said McCarthy will support McKelvey during “the transition”. The two firms hailed the deal as a ‘new era of investment and innovation’ for Panther and an opportunity for AIT Worldwide Logistics to strengthen its presence in the […]
Retrofit kits are unlikely to meet the needs of the majority of hauliers facing the rapid advance of emission controls across the UK’s towns and cities, delegates at today’s (6 November) Freight in the City Expo were told.
UPS has pulled out of its multi-billion Euro bid to take over TNT Express, almost a year after it first entered into talks with the parcel firm. It hoped the merger would create a €45bn (£37.4bn) logistics giant, increasing the US firm’s presence in the European market. However on Friday (11 January), the European Commission (EC) told both parties that it planned to prohibit the merger. MT.co.uk looks at how the story developed over the year. The merger process began […]
Cardiff haulier Rhys Davies suffered a 50% fall in revenue with losses mounting to £3.5m in the year after it was bought by Cathay Investments, motortransport.co.uk has learnt.