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Latest news – Page 697
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Interoute Transport Services collapses into administration
Oxfordshire-based Interoute Transport Services has been placed into administration, and its transport business closed with immediate effect.The operator, which is based in Thame, appointed administrator Quantuma last Friday afternoon (17 May).MT understands that Interoute director Neil Daniells had been offering the business for sale ahead of its collapse.Carl Jackson, partner ...
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ArticleLangdons boosts Scottish urban deliveries
Langdons has taken on two more trailers from Gray & Adams to boost its urban delivery operations in cities in Scotland.The trailers are equipped with Anteo tuck-under tail-lifts, Whiting roller shutter doors and the latest Thermo-King Spectrum fridge units to cope with urban deliveries. The tractor units can also operate ...
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ArticleGrocontinental opens £5m frozen goods warehouse
Environment Minister Owen Paterson officially opened Grocontinental’s £5m frozen goods warehouse at its Whitchurch, Shropshire HQ last week.The 4,000m² warehouse boosts the company’s storage capacity by 13,000 pallets taking total storage capacity to 143,000 pallets.“As the biggest employer in a predominantly rural area, the company makes a major contribution to ...
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TNT UK quadruples profit through cost saving and operational changes
Profit at TNT UK almost quadrupled in 2012, during a year that put parent company TNT Express under pressure while the proposed takeover by parcel giant UPS was being considered.Pre-tax profit soared to £13.8m for the year ended 31 December 2012, after a year that saw it slip to £3.4m ...
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ArticleCollectPlus more than doubles parcel volumes in a year
CollectPlus has reported record volumes, more than doubling the number of parcels handled last year to 7.7 million, up from 3.3 million the year before.It claimed that its client base has risen 32% in the past 12 months, winning new contracts from retailers including John Lewis, Asda, Clarks, Schuh and ...
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UK's first open access Bio-LNG fuelling site opens in Northamptonshire
The UK’s first open access Bio-LNG filling station, a blend of liquefied natural gas and liquid biomethane, opened today (23 May) in Daventry.The site, which is operated by alternative fuels firm Gasrec, will operate in the similar way as a traditional petrol station and is capable of storing enough ...
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ArticleBridgestone UK app goes global
A tyre monitoring app developed by Bridgestone UK that enables users to compare the performance of different tyre brands is being rolled out across other European markets.The Challenge app works by calculating the true cost of tyres over time and shares the performance data with all other users, before ...
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ArticleClugston back on growth path with new revenue streams
Although Clugston can trace its roots back almost 120 years to 1895, when the grandfather of current chairman John Clugston set up a builders merchants in Scunthorpe, it celebrated its official 75th anniversary since incorporation last year.Like many long-established firms with roots in construction and transport, Clugston - still based ...
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Yearsley 'confident' on Peterborough planning decision
Heywood, Lancashire-based transport and logistics provider Yearsley Logistics has said it is “confident” its planning application for a new 35m high cold store in Peterborough will be approved.The 385,000ft² site, which it plans to establish in the Great Haddon Employment Zone and is intended to provide around 300 jobs, has ...
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ArticleUK Pallets - going nowhere fast?
Back in July 2003 what was once Business Post, but is now UK Mail Group, bought the Weaver Pallet Network. In its 2004 results that company disclosed that UK Pallets, as it was quickly renamed, was the group’s “most significant purchase to date”.Fast-forward a year to the UK Mail Group’s ...
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Reed Boardall recognised by Tesco for service and sustainability
Temperature controlled storage and transport firm Reed Boardall has been named Fresh and Frozen Foods Haulier of the Year by retailer Tesco.The firm, which operates from a 142,000 pallet capacity cold store in Boroughbridge, North Yorkshire and runs 160 refrigerated trucks, won the award for a combination of good service ...
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UK Pallets saw operating profit evaporate last year
UK Pallets, the pallet network owned by UK Mail Group, was rocked by a 64% collapse in year-on-year profits in the year to 31 March, its parent company has revealed.UK Mail Group warned in April that its pallet business, which contributes 6% of its total revenues, had experienced a difficult ...
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UK Mail to invest in network and automation after pre-tax profit rise
UK Mail chief executive Guy Buswell has said the company will be investing in its depot network and automated sortation equipment after delivering an18% uplift in pre-tax profit.The firm’s latest figures, published today, revealed that group turnover was up 10% on the previous year, while pre-tax profit was up at ...
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Lack of growth in haulage rates confirms industry's fears
Growth in haulage rates slowed almost to a halt in the first three months of the year, according to the latest figures from the Office for National Statistics (ONS).Average haulage rates grew by just 0.1% against a 2005 baseline in the first quarter of 2013, down from 0.2% during the ...
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City Link launches international packet delivery service
City Link is launching two new cross-border packet delivery services as it continues with its plans to become a ‘one stop shop’ for customers.Its untracked service, called Citypack Worldwide, is available now, while a tracked packet service will be launched later in the summer.Both will be powered by Belgium’s bpost ...
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ArticleMT Tracker 22 May
Transport firms are riding the current Stock Market bubble. This week the FTSE 100 hit its highest level since October 2007 (6,755 on Monday to be precise). While none of the six operators in the MT Tracker basket of transport shares are anywhere near making the FTSE 100, or the ...
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Ceva: first quarter turnover fall is 'disappointing'
Turnover at Ceva Logistics fell 6% in the first three months of 2013, while its profit halved as the company continued with its cost reduction measures.Adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) fell to €31m (£26m), compared to €66m in the first quarter of 2012.Global turnover fell to ...
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Royal Mail recovery continues with profit and turnover both up
Price increases and a rise in parcel volumes have contributed to Royal Mail Group’s continuing rise in annual profit and turnover, the firm said today.Its UK parcels, international and letters (UKPIL) division, which encompasses its Royal Mail and Parcelforce Worldwide brands, saw year-on-year EBITDA before transformation costs jump 45% to ...
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Wincanton secures Pernod Ricard Group contract renewal
Wines and spirits supplier Pernod Ricard Group has renewed its UK warehousing and distribution contract with Wincanton, extending their relationship by five years.The operator has provided warehousing, repacking and customer distribution for Pernod Ricard’s brands, which include Absolut, Jameson, Jacob’s Creek and Campo Viejo, since 1995.The new part of the ...
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Marks & Spencer streamlines its logistics roadmap
Marks & Spencer now believes three rather than four DCs will serve its future needs, as it continues the transformation of its supply chain to match consumers’ changing shopping patterns.In its full year results released today, the retailer said that to fulfil its multi-channel ambitions, including meeting the demands of ...