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Latest news – Page 530
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HW Coates sees turnaround plan start to deliver
A turnaround plan at HW Coates has borne fruit with both turnover and profit up at the chemicals logistics specialist.The profit rise, which was boosted in part by the introduction of new accounting standards under FRS102, was revealed in the company’s latest annual results posted in Companies House.Leicester-based HW Coates ...
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John Hackling (Transport) sees profit almost halve
John Hackling (Transport) saw pre-tax profit fall 45% last year, according to its latest annual results.The results for the year to 30 September 2015 posted at Companies House, show that despite a rise in turnover to £13.8m (2014: £13.1m), pre-tax profits fell to £737,054 (2014: £1.03m).John Hackling, which specialises in ...
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Guardian investigation into courier pay is "disingenuous", says Hermes
Hermes has disputed claims that it pays its couriers less than the minimum wage, after an investigation by The Guardian suggested some of the carrier’s self-employed workers earn as little as £5.50 an hour. The article cites numerous Hermes couriers who earn between £5.50 and £7.30 per hour, although this ...
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BCA Marketplace buys Paragon Automotive for £105m
BCA Marketplace has hit the acquisition trail once more, snapping up automotive services group Paragon Automotive for £105m.The move brings BCA one step closer to its goal to become the UK’s leading one-stop shop for automotive services for OEMs, dealers and leasing companies.The acquisition of Paragon comes just one year ...
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ArticleEC fines truck manufacturers a record €2.9bn after 14-year price fixing cartel
European truck manufacturers have been hit with a record €2.9bn (£2.5bn) fine after they colluded for 14 years on truck pricing and on passing on the costs of compliance with emissions rules.The European Commission (EC) found that MAN, Volvo Group (parent company to Volvo Trucks and Renault Trucks), Mercedes-Benz parent ...
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NFT Distribution buys NR Evans for £20m
NFT Distribution has acquired Carmarthenshire-based NR Evans in a deal that values the temperature controlled specialist at approximately £20m.It is the third acquisition in the UK by NFT owner EmergeVest.The Hong-Kong private equity investor bought NFT in April 2014 and Palletforce in August 2015 and MD Heath Zarin said it ...
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ArticleLloyd Fraser says trading conditions are volatile despite strong performance
Lloyd Fraser has warned that current trading conditions are challenging, but added it was too early to say what impact Brexit might have on its future performance.Reporting its annual results for the year to 31 August 2015 at Companies House, the Rugby-based firm revealed a 31% rise in pre-tax profits ...
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Technology versus direct vision in the quest to eliminate HGV blindspots
Freightinthecity's sister publication Commercial Motor spoke to industry about the best way to help HGV drivers avoid collisions with vulnerable road users.Technology to help HGV drivers avoid collisions with cyclists hidden in their vehicles’ blind spots is arguably now the norm, rather than the exception in city fleets. But with ...
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Administrator revises up the amount City Link creditors are due
City Link’s administrator has revised up the amount it believes non-preferential creditors are owed by the collapsed parcel carrier.However, it said it is still waiting to hear from creditors that are owed a total of £12.8m that have not submitted a claim.As of 24 June non-preferential creditors had made claims ...
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ArticleSwain Group snaps up Jeffrey's Haulage
The Swain Group has purchased Derby-based Jeffrey’s Haulage for an undisclosed sum.The Kent-based group, which includes R Swain & Sons and the recently purchased Gatwick Plant, acquired the asset, vehicles, workshops and business of Jeffrey’s Haulage in a deal that completed on Friday (15 July).Jeffrey’s operates from a 16.5 acre ...
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AM Widdowson & Son placed into administration
Leicester freight transport business AM Widdowson & Son has gone into administration.Insolvency practitioners at Leonard Curtis were appointed to the company on 6 July, shortly after it had undergone a change of name to Loglecdissol.The company had been subject to a CVA since July last year that meant it had ...
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ArticleJersey Post buys Fraser Freight in one of "most challenging years" to date
Jersey Post has bought Portsmouth haulier Fraser Freight, after what the carrier described as one of its “most financially challenging years” to date. The postal operator said that the acquisition was a move to open new revenue streams, off the back of the declining letters market.Since 2007, Jersey Post’s letter ...
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Smith & Sons (Bletchington) makes Brigade part of its standard tipper spec
Smiths & Sons (Bletchington) is now fitting Brigade safety systems as a part of its standard specification for all new tippers.Smiths & Sons has specified Brigade’s Backeye 360 sidescan system and mobile digital recording device for new tippers joining its 35-strong fleet.Already four have joined the mixed fleet with the ...
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Profit up 18% at DHL Supply Chain
DHL Supply Chain continued to improve its profitability in the UK, with pre-tax profit up 18% year-on-year in the most recent set of results filed at Companies House, despite a turnover drop resulting from the renewal of its NHS Supply Chain contract.For the year ended 31 December 2015 turnover at ...
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Kers technology UltraBoost to be trialled in UK on rigid lorry
The world’s first hybrid rigid lorry fitted with a new kinetic energy recovery system (Kers) is poised to be commercially tested on a number of UK urban delivery routes.UltraBoost, designed by French technology firm Adgero, is claimed to reduce fuel consumption and associated emissions by up to 15-30% depending on ...
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Low-emission van guide and online calculator updated with latest data
A low-emission van guide to help operators make informed buying decisions on the latest clean technology for LCVs has been updated by Cenex and the Low Carbon Vehicle Partnership (LCVP).Aimed at small-to-medium sized fleet operators of vans up to 3.5 tonnes, the Low Emission Van Guide and accompanying Van Cost ...
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ArticleChris Grayling replaces McLoughlin as transport secretary
Chris Grayling, Secretary of State for TransportChris Grayling has replaced Patrick McLoughlin as transport secretary. McLoughlin had held the role since September 2012, but was replaced by Grayling as part of new prime minister Theresa May’s cabinet.Grayling, who has been the MP for Epsom and Ewell since 2011, was the ...
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DPD pick your own delivery slot service begins
DPD has started offering its new service Precise, which allows customers to select their own hour delivery slot. The service, which DPD spoke to Motortransport.co.uk about at the beginning of the year, has been launched in conjunction with online fashion retailer Asos, whose customers are the only ones the new ...
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Low Carbon Champion Awards 2016 shortlist revealed
Low Carbon Vehicle Partnership (LowCVP) has announced its shortlist for this year’s Low Carbon Champion Awards.The awards recognise outstanding achievement within the UK of accelerating a shift towards lower carbon vehicles and fuels, and in helping to reduce road transport emissions.Now in their sixth year, the awards will be presented ...
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Government announces details of £24m low-emission freight vehicle competition
The Office for Low Emission Vehicles (OLEV) and Innovate UK is opening up a £24m funding pot for industry-led research trials and the development of low-emission vehicles or on-vehicle systems.These projects must reduce emissions in the freight, logistics, utilities and emergency industries.HGVs and vans contribute 31% of the UK’s domestic ...