Telematics market leader Microlise became a PLC when it listed on the London Stock Exchange’s AIM at 8am on 22 July. The privately-owned group sold £61.2m of shares to investors at 135p per share, valuing the company at £156.5m. The shares opened at 137.5p and quickly rose to 146.5p in early trading.
Telematics market leader Microlise became a PLC when it listed on the Alternative Investment Market (AIM) of the London Stock Exchange on 22 July. CEO Nadeem Raza tells MT why.
The UK government has published its “revolutionary” ‘Transport decarbonisation plan’ that includes a consultation on banning the sale of “non-zero emissions HGVs” under 26 tonnes by 2035 and the sale of all fossil-fuelled HGVs by 2040.
Yodel has launched a new C2C parcels service, enabling consumers to send parcels up to 10kg either to Yodel Direct parcel shops or to a recipient’s home address. In both cases the sender must drop the parcel at a parcel shop run by one of the 350 retail chains in the Yodel Direct (formerly Collect+) network.
After a difficult period in 2016, when the future of Hellmann Worldwide Logistics’ UK operation faced an uncertain future, the business has since been restructured, refinanced and had a new management team installed.
An industry think tank put together by HGV driver recruitment firm Driver Require believes that the key to solving the long-term shortage of drivers lies in stopping existing drivers leaving the industry as well as recruiting and training more new drivers.
Europe’s leading trailer maker Schmitz Cargobull is to open a new factory in Manchester to serve the UK and Irish markets.
Long-awaited industry guidelines on pallet deliveries using tail-lifts have received a mixed reaction from hauliers, some of whom are disappointed that they do not include a weight limit on pallets destined for home addresses.
The government has launched a consultation on proposals to increase the percentage of renewable fuels used in road transport under its Renewable Transport Fuels Obligation (RTFO).
In the era BC (Before COVID-19) same-day couriers were the preserve of the rich and famous who just had to have that diamond ring today or City businesses such as legal or banking where urgent paper documents had to be delivered physically rather than by email. But the lockdown has changed that, according to Stuart Godman, CEO of London courier group Absolutely.