Puro Ventures, which trades as Speedy Freight, has undergone a management buyout which sees its founders leave the business and Eddie Stobart holding company GreenWhiteStar Acquisitions (GWSA) sell its remaining 20% shareholding in the company. Announcing the move today, Puro Ventures said Speedy Freight MD Mike Smith (pictured left) will be increasing his stake to become the majority shareholder, alongside operations director John Munnelly (right), with equity house BGF taking a significant minority shareholding. Founders Mike Le-Gallez and Ian Southworth […]
The Logistics Skills Network (LSN) has slammed the DVSA’s decision to suspend HGV driver testing and training during the government’s latest four-week lockdown in England, which began last week.
Former Eddie Stobart chief Andrew Tinkler has confirmed his intention to bid for Eddie Stobart Logistics (ESL) just hours after Wincanton withdrew from the fray and is warning that a rival bid from DBAY Advisors is not in the interests of ESL shareholders.
Transport sector could cost Treasury up to £1.2bn in Bounce Back Loan Scheme defaults, researchers warn
The transport industry could cost the Treasury £1.2bn in Covid-19 loan defaults, according to research by Business Rescue Expert.