The Russian invasion and war in Ukraine have brought some fairly swift economic retaliation from the UK, USA and EU. Russian banks and companies have been sanctioned, as has a long list of individuals. The list of companies includes the Russian truck maker Kamaz, which is now subject to a list of EU sanctions. Kamaz was involved in a joint venture with Daimler Trucks, but the company has now discontinued all business operations in Russia. “I would stress that our […]
Bowring Transport bounced back from the initial effects of the pandemic to see revenues grow by more than 6% last year and pre-tax profit increase significantly.
Volvo is offering hauliers the opportunity to defer fees for the first three months and take an annual two-month payment holiday in an effort to help them keep fleets rolling.
Scania is to halt production at its European truck plants this week due to the shortage of semi-conductors, it confirmed today (31 August).