Latest news – Page 701

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FTA membership rises by 2% in 2012

2013-05-01T14:46:00Z

The FTA has seen its level of membership rise to the highest level since 2008, although financially it had a broadly flat year in 2012.Turnover at the association dipped slightly to £23.47m, from £23.65m in 2011.However its pre-tax surplus rose slightly from £1.1m to £1.2m. Income from member fees rose ...

Article

What's next for Royal Mail?

2013-05-01T10:57:00Z

With talk of privatisation plans since the 1980s, the government last week finally decided how it is going to generate the cash needed to remove Royal Mail from state ownership, in the form of an initial public offering (IPO). The privatisation process has been stalled numerous times since talks began: ...

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MT Tracker 1 May 2013

2013-05-01T10:04:00Z

Last week the MT Tracker took a break as it was judging the MT Awards - but what a difference a week makes. Rentokil finally sold City Link, to investment house Better Capital. This does make a big difference to the MT Tracker as Rentokil's size, in comparison to every ...

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Government plans sale of Royal Mail shares this financial year

2013-04-30T14:47:00Z

The government hopes to give Royal Mail access to the capital it needs to move on its privatisation plans this financial year, business minister Michael Fallon has said.Fallon said that selling shares in the company will give Royal Mail future access to the finance it needs, but it does not ...

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Vosa unveils plans to cut test fees at ATFs

2013-04-30T14:37:00Z

Vosa has unveiled plans to cut the fees charged to authorised testing facilities (ATFs) for vehicle tests, while raising those that apply at its own test stations.The move is intended to apportion costs more fairly between vehicle operators using the two different test routes. Under its new fee proposals, which ...

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DHL launches smartphone app to improve load tracking

2013-04-30T13:56:00Z

DHL has launched a smartphone app for drivers and subcontractors which sends real time data and PoD information back to base.DHL claims the SmartPOD app is compatible with most transport management systems and allows drivers to send information about their deliveries back to base, including vehicle location and departure and ...

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Hargreaves wins Durham County Council waste contract

2013-04-30T11:43:00Z

Hargreaves Logistics, in partnership with SITA UK, has won a two-year contract to transport household waste with Durham County Council.To service the work, which begins on 1 June, the company has financed eight new STAS moving floor trailers through Steadplan, the UK agent for the Belgian trailer manufacturer, worth £400,000.Andy ...

Article

Rentokil gets rid of a pest...

2013-04-30T10:51:00Z

The Hub wishes it had come up with that headline, but sadly The Sun got there first this morning. It is pretty accurate though when it comes to the sale of City Link (that Rentokil sold it for £1 says it all) and as far as the deal goes it ...

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TNT sees 26% drop in first quarter EMEA profit

2013-04-29T15:25:00Z

TNT Express has said it hopes to see a “positive impact” from its profit improvement plan in the second half of 2013, after reporting a 26% drop in first quarter EMEA (Europe, Middle East and Africa) operating profit.Financial results for the three months ended 31 March reveal that EMEA operating ...

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City Link cut losses by a third ahead of sale to Better Capital

2013-04-29T13:53:00Z

City Link cut its first quarter losses by more than a third but remained loss-making ahead of its sale to turnaround investor Better Capital.The parcel carrier cut its first quarter adjusted operating loss by 36% to £8.1m (2012: £12.7m) during the first three months of 2013.Former parent Rentokil Initial’s first ...

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Rentokil Initial sells City Link

2013-04-29T10:22:00Z

Rentokil Initial has sold City Link to turnaround investment firm Better Capital.City Link MD Dave Smith will continue to lead the company through its transformation programme, under the deal, which will see Better Capital invest in the parcel carrier.The change of ownership, which is effective as of today (29 April), ...

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Deben Transport acquires Elite Transport Services

2013-04-29T08:44:00Z

Felixstowe-based container haulier Deben Transport has acquired fellow container specialist Elite Transport Services out of administration.Elite Transport Services has been trading under terms of a company voluntary arrangement (CVA) however administrators BDO said that they were appointed earlier this month after the loss of a major customer at the struggling ...

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London City Bond wins Burridges of Arlington St contract

2013-04-27T08:00:00Z

London City Bond has won a three-year contract with wine supplier Burridges of Arlington St, which will cover distribution across the UK.The contract will be run out of the drinks distributor’s 270,000ft² warehouse in Barking, which is located close to the City and the West End, as well as the ...

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DSV Road launches daily pallet service after a satisfactory 2012

2013-04-26T14:23:00Z

DSV Road MD René Falch Olesen said that the economy in 2012 had affected the firm’s profit in what was a “satisfactory” year for the operator.Financial results for the year ended 31 December 2012, which were published earlier this month, showed that turnover was down 3.2% to £179.3m (2011: £185.4m), ...

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Expect Distribution to focus on contract logistics and warehouse consolidation

2013-04-26T11:21:00Z

Expect Distribution is hoping to expand its contract logistics business and consolidate its three West Yorkshire sites this year, as it celebrates its 25 year anniversary.Operations director Neil Rushworth told Motortransport.co.uk that it wants to expand its contract logistics business and target larger customers, whilst being more selective about the ...

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Hicks Logistics becomes a Fortec member

2013-04-26T11:05:00Z

Hicks Logistics has joined FortecHicks Logistics has joined the Fortec pallet network covering parts of the Bristol postcode.The Caldicot, Monmouthshire firm, is sharing the postcode area with existing Fortec member Arthur Spriggs & Sons, with the intention of enhancing the network’s offer in that region.Terry Hicks, MD of the firm ...

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Clipper replaces Asda with Morrisons at Leeds site

2013-04-25T15:43:00Z

Clipper Logistics has won a contract with supermarket chain Morrisons for the distribution of its new Nutmeg clothing range, which was launched in March. The Nutmeg operation is being serviced from one of Clipper’s sites in Leeds that used to house an operation for Asda, which has since been moved ...

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TDG acquisition helped boost ND Logistics turnover by 55%

2013-04-25T15:40:00Z

A 55% rise in turnover at Norbert Dentressangle’s UK group company Norbert Dentressangle Logistics was achieved last year as a result of cost reductions, new business and the first full year’s effect of the acquisition of TDG in October 2011. ND Logistics’ turnover rose from £413.7m to £640.2m during the ...

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John G Russell unaffected by chill wind at Icetech

2013-04-25T13:28:00Z

Transport and logistics operations at The Russell Group have not been affected by recent financial problems at group company Icetech Freezers, the firm has stated. Finance director Ken Macleod told Motortransport.co.uk that problems at Icetech, which went into provisional liquidation on 22 April, would not have any major effect on the ...

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Load matching service targets tanker operators

2013-04-25T11:15:00Z

A new web portal that aims to marry up tanker operators with suitable loads is to be launched this summer by transport management consultancy Lateu Logistics. The loadsfortankers.com site will provide a low-cost, pay-as-you-go service for vehicle operators with free registration and will cover all tanker cargos including fuels, lubricants, powders, ...