XPO Logistics’ plan to split its company into two separate entities moved one step closer this week with the unveiling of the executive board of the contracts logistics business. XPO is set to create two separate companies – a global contract logistics firm and a company providing less-than-truckload (LTL) and truck brokerage transportation services. The two businesses, currently dubbed NewCo and XPORemainCo are scheduled to be separately listed on the New York Stock Exchange later this year. Malcolm Wilson, currently […]
Paint and sealant supplier PPG Industries has renewed its contract with Norbert Dentressangle for a further 18 months. PPG, which provides paint, coatings and sealant for the UK Ministry of Defence and customers in the construction, industrial, consumer and transportation markets, has extended the contract to include next day delivery. The new contract will see Norbert make over 1,600 deliveries per month to aerospace and automotive customers. The majority of orders will be delivered during the day with a few […]
Wincanton saw revenue grow by 1.7% to £1.2bn in the year ending 31 March 2021, fuelled by strong performances in digital and e-fulfilment and new wins in the public sector.
Ceva has singled out the performance of its business in the UK for having a “very strong year” in 2011 after the Netherlands-based logistics giant revealed a 10% rise in profit. Speaking to MT.co.uk, Leigh Pomlett, president for Northern Europe at Ceva, singled out delivery from the UK and Poland as “two countries that have performed” as, globally, the firm saw revenue rise just 0.7% to €6.8bn (£5.6bn)for the year ending 31 December 2011. EBITDA rose 9.9%, when accounting for […]