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Latest news – Page 373
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ArticleEddie Stobart Logistics agrees conditional rescue deal with DBAY Advisors as debts rise to £12m
Eddie Stobart Logistics (ESL) has entered into a conditional sale and purchase agreement with private equity investor DBAY Advisors.In an update to the London Stock Exchange, ESL also revealed it is expecting a loss of at least £12m when its delayed half-year results are finally published.It said "shareholders should note ...
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ArticleCNG Fuels to supply biomethane from cow manure to power HGVs
CNG Fuels has announced plans to become the UK’s first supplier of renewable biomethane from cow manure for lorries, to help operators achieve net zero emissions.The company said it was also consulting on how its network of refuelling stations can accommodate low carbon and battery electric technologies for HGVs, for ...
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ArticleTradeteam staff suspend strike action after accepting new pay offer
The Unite union have confirmed that plans for a rolling programme of strikes at a Tradeteam depot in London have been suspended after members voted in favour of a renewed pay offer.According to the union, industrial action at Tradeteam’s Enfield depot could have affected customers Carlsberg, Coors, Greene King and ...
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ArticleMiniclipper Logistics: "We're an IT company that happens to deliver stuff!"
They may take different sides on Brexit, but when it comes to running a haulage business the husband and wife team at Miniclipper Logistics are definitely on the same page.Despite the challenging times, the company has just revealed a 17% increase in turnover for the year ending 31 May ...
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ArticleGain insight into the options for HGV parts, repair and maintenance and why operators adopt different strategies
Heavy goods vehicles have grown in both sophistication and functionality over the years. But the real value to the operator comes when the vehicle is out on the road working.Whilst reliability has increased, putting the right strategy in place for repair and maintenance is still critical to ensuring vehicle availability.One ...
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ArticleApprenticeship-based training programme for recovery sector under development
A new vocational training programme that will lead to a professional qualification for young people looking to enter the vehicle recovery industry is being developed by Isuzu Truck UK honorary chair Nikki King OBE together with the Professional Recovery Operators Federation and the Institution of Vehicle Recovery.King, who is also ...
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ArticleWarehouse to wheels a success for Moody driver
Moody Logistics has proved that apprenticeships can be successfully used to train HGV drivers after training up former warehouseman Alex Skelton to a Category C truck driver.Twenty two-year-old Skelton started work in the Cramlington firm's distribution depot last September as part of its warehouse-to-wheels apprenticeship programme and has now gained ...
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ArticleCorporate Road Solutions 24:7 enters administration
Supermarket distributor Corporate Road Solutions 24:7, which traded as Beau, has entered administration with the immediate loss of 66 jobs.Based on the Redmill Industrial Estate in Bathgate, West Lothian, the company had operated as a road haulage contractor and freight forwarder since 2005.KPMG was appointed to the firm on Monday ...
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ArticleSDC Trailers blames planned job cuts on Brexit uncertainty and falling sales
Brexit uncertainty and slowing sales have forced SDC Trailers to look at cutting “a number of jobs" at its plants in Mansfield and Toomebridge in Northern Ireland, the manufacturer revealed this week.The planned cuts also follow the loss of SDC Trailers' major chassis building contract for Peterborough-based trailer manufacturer Lawrence ...
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ArticleMT Awards 2019 winner: Service to Industry Award – sponsored by Aquarius
Guy Reynolds, commercial director of sponsor Aquarius (second right), presents the Service to Industry Award to Carole Walker, accompanied by comedian Omid Djalili (far left) and MT editor Steve HobsonThis year’s Motor Transport Awards recognised former Hermes Europe CEO Carole Walker’s determination to redefine parcels delivery across three ...
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ArticleTevva convinced of electric power for urban operations
Essex-based TEVVA displayed a pair of 12-tonne range-extended electric vehicles.David Thackray, Tevva sales and marketing director, said the new truck is available “with or without a range extender. With the range extender it has an 80kwH battery, and without the truck has a 154kwH battery”.Thackray told CM that the vehicles ...
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ArticleDAF pushed the benefits of HVO during Freight in the City
DAF pushed the benefits of hydrogenated vegetable oil (HVO), and showed a Euro-6 LF 230 FA 4x2 skip-loader which, like all DAF models, can run on the fuel without any modifications. One of the advantages of HVO, DAF claims, is hauliers can utilise both it and diesel on tramping operations ...
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ArticleRenault Trucks aims to re-gain municipal market advantage
Renault Trucks announced at Freight in the City, that it is setting its sights on the municipal sector, and believes its ZE technology will help to boost its appeal. The first vehicle in its zero-emission range is the Master ZE, which features a 57kW battery, giving it a 124-mile range. ...
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First low-entry L-series hybrid rolled out at Freight in The City
Scania debuted a hybrid L-series – an L320 6x2 rear-steer chassis cab – which, according to head of pre-sales Phil Rootham, will improve fuel economy figures by between 10% and 15%. The truck’s DC09 diesel engine is supplemented by a 7.4kW lithium-ion rechargeable battery pack. This powers an electric motor, ...
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DBAY Advisors offers to buy controlling stake in Eddie Stobart Logistics and inject £55m of financing
Private equity investor DBAY Advisors has offered to buy a controlling stake in Eddie Stobart Logistics (ESL).Under the terms of the proposal, DBAY would acquire a 51% stake, with existing shareholders having a 49% interest. It is also proposing an injection of approximately £55m of financing into the group's operations ...
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ArticleR Swain & Sons boosts turnover and profits in 2018 despite impact of "Beast from the East" and Brexit
R Swain & Sons defied adverse weather conditions to boost turnover by almost a third and pretax profit by close to three quarters last year, helped by its acquisition of Express Freight in June 2018.In its annual results to 31 December 2018 the family firm, which is based in Medway, ...
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ArticleRyder cleans up in deal with laundry specialist Elis for 162 new DAF rigids
Ryder is supplying 162 new DAF vehicles to international textile, hygiene and facilities services specialist Elis.The deal sees French group Elis make its first HGV order since it acquired UK firm Berendsen in a £2.2bn in Septenber 2017.The new vehicles, which are being supplied in new ‘Elis’ livery designed specifically ...
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Menzies Distribution opens dedicated newstrade hub in Inverness
Menzies Distribution has opened a dedicated newstrade logistics hub in Inverness following a number of major contract wins this year.The company said the move is part of a wider strategy to improve its newstrade logistics capabilities after landing a series of newstrade deals.Major wins this year include a magazine sales ...
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ArticleDBAY given fifth extension to Eddie Stobart bid deadline
DBAY Advisors has been granted a fifth extension to its deadline to make a bid for Eddie Stobart Logistics (ESL).DBAY had previously been given until 5pm on November 8 to make an offer or walk away.However, with the Isle of Man-based business still running the rule of ESL's finances, the ...
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ArticleVolvo Trucks targets UK as it begins Europe-wide electric rollout
Volvo Trucks has started selling its FL and FE electric trucks in selected markets within Europe, meeting the increasing demand for sustainable transport solutions in city environments, the company said.Initially the launch markets will be Sweden, Norway, Germany, Switzerland, France and the Netherlands, with further markets - including the UK ...