Clipper Logistics is set to be acquired by GXO after both firms agreed the terms of a deal worth £965m. Clipper’s directors said they intended to recommend unanimously that shareholders vote in favour of the deal. The acquisition values each Clipper share at 920p and was described as “a compelling strategic combination which significantly increases the opportunities for both businesses in the high growth e-commerce/e-fulfilment area” in a public announcement. It said the move would enhance GXO’s position as a […]
13) Steve Parkin Title: Chairman, Clipper Logistics Steve Parkin is one of those larger than life characters that still enliven the logistics industry. Having left school with no qualifications and after spending 18 months working as a coal miner, he built Clipper Logistics from a one man and a van operation to a £235m a year logistics empire in 30 years.
WH Bowker has bought haulier James Nuttall (Transport) and its commercial MOT testing centre, Queensway Commercials, in a move aimed at strengthening its warehouse and distribution business.
How will transport and logistics look after Covid-19 has eventually receded? There is no shortage of companies who would like the answer to that question and visitors to the Commercial Motor Show conference gained some valuable insight in a special panel discussion.