Scania has lost its fight against a decision by the European Commission (EC) to fine it €880.52m (£733.5m) for its involvement in a truck cartel to fix prices. The European Union’s General Court upheld the EC’s decision in 2017 that Scania had, along with MAN, DAF, Daimler (Mercedes-Benz), Volvo/Renault and Iveco, colluded between 1997 and 2011 to restrict competition in the market for HGVs, as well as pass on the costs of new technology to meet tighter emissions standards onto […]
Stobart Group has said a £25m windfall generated by a property sale this month will be held in cash pending reinvestment or used to repay debt.
Surging profits, a string of successful contracts and a shrewd growth plan have made Expect Distribution a stand-out performer in the haulage sector. But the Bradford-based 3PL has also made the welfare and gender diversity of its staff a top priority.
Logistic company Kuehne + Nagel has sold its Renault Trucks dealership RH Commercial Vehicles for an undisclosed sum, a year after it bought its parent company The RH Group for £66.9m. The new owners of the East Midlands dealership, that employs 55 people, include its current MD Nigel Baxter and general manager Paul Pearson, who becomes commercial director, as well as Neville and Peter Baxter. Last year the dealership turned over £16m from sales, parts and servicing from its head […]