Operator news – Page 231
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MT Article
Jobs saved at stricken Promotional Logistics after management buyout
More than 330 jobs have been saved after the administrator at Nottinghamshire-based Promotional Logistics sold three of its sites in a management buy-out.Newly created business, Prolog Fulfilment, led by former Promotional Logistics management team Neil Daniells and Nick Hoare, acquired two sites on the Sherwood business park in Annesley, north ...
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MT Article
Fred Sherwood & Sons (Transport) turnover remains stuck in reverse after tough year
Challenging market conditions led to a £1.3m fall in turnover at Fred Sherwood & Sons (Transport) last year.The Leicestershire family firm reported a £33.4m turnover in the year ending 31 March 2018, down 3.7% compared with 2017’s £34.7m.Pre-tax profit was £2.6m (2017: £671,688) but the haulier said the increase was ...
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MT Article
Yusen Logistics seals deal after AGA Rangemaster outsources transport
Cooker manufacturer AGA Rangemaster has handed its UK distribution to Yusen Logistics, in order to focus on manufacturing and selling.Rangemaster holds a standard international licence authorising 57 HGVs and 29 trailers out of three depots, plus a restricted licence for 12 HGVs out of a Nottingham base, but it decided ...
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MT Article
Eddie Stobart Logistics delivers leap in growth fuelled by acquisitions and contract wins
Eddie Stobart Logistics has seen its group turnover surge by more than a third thanks to a shopping spree that has seen it buy iForce, half of Speedy Freight and The Pallet Network (TPN). In a trading update issued today for the financial year ended 30 November 2018, Eddie Stobart ...
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MT ArticlePalletforce welcomes Panic Transport to the fold
Panic Transport has been officially unveiled as a member of Palletforce, making it the fifth Kinaxia Logistics-owned haulier within the pallet network.Rugby-based Panic Transport was founded in 1990 by MD Kevin Johnson. It now employs a workforce of 130, with a fleet of 85 vehicles and more than 90 trailers.Panic ...
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MT ArticleJonen Shipping sets sail with TPN
Jonen Shipping has moved from Palletline to Eddie Stobart owned TPN.A Palletline member since 2007, the haulier said it decided to review its options following territory changes at its former network.Jonen Shipping, which has a depot in Essex and office in Leicester, has been running for TPN since December.“There were ...
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MT ArticleBowker Transport celebrates 100 years of business with special livery
Bowker Transport has put two specially liveried Volvo FH trucks on the road to mark its centennial year. The new livery replicates the vintage blue, red and gold colour scheme used historically by the company.The launch heralds a year of activities for the Preston-based haulage firm involving staff, customers and ...
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MT ArticleWilko and Canute's administrator locked in legal tussle over £600,000 deposit
The administrator of Canute Haulage Group is locked in a legal tussle with the haulier’s one time largest customer, Wilko, over a disputed £600,000 contingency relating to a contract termination.The end of the 29-year contract with the retailer in September 2017, which represented 30% or £30m of Canute’s annual turnover ...
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MT Article
Palletways' Rase Distribution brings in residential delivery ban for pallets of more than 750kg
Palletways member Rase Distribution has hardened its stance on pallet weights and is now refusing to deliver anything over 750kg in weight to residential addresses.In November last year the Lincolnshire haulier informed Palletways and its members it would no longer deliver any pallets over 750kg on tail-lift deliveries to residential ...
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MT Article
Palletways paid £100,000 for member Systematic Logistics International
Palletways bought member company Systematic Logistics International (SLI) for just £100,000, the firm's administrator has revealed.The company, which had an annual turnover of approximately £10m, was sold via a pre-pack administration in November.The move saved one of the pallet network’s longest serving haulier-members and protected 64 jobs - consisting mainly ...
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MT Article
EV Cargo reveals operating division heads as conglomerate takes shape
EmergeVest, the private-equity firm that created EV Cargo from some of road transport’s best-known names last autumn, has revealed who will head each of its four divisions.EV Cargo’s operating divisions and the companies that make them up are: Express (Palletforce); Global Forwarding (Allport Cargo Services); Logistics (CM Downton, NfT and ...
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MT ArticleWincanton off to a healthy new year with double Weetabix win
Wincanton has won two new five-year contracts with well-known breakfast brand The Weetabix Food Company to provide transport, warehousing and co-packing.The deal will see Wincanton take on the operation of four Northamptonshire-based warehouses where goods are stored and co-packed for retail promotion: three located in Corby, one in Burton Latimer.In ...
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MT ArticleNFT Distribution opts for new Renault Range T tractors and Schmitz Cargobull reefer trailers
NFT Distribution has added 82 Renault Range T460 6x2 tractor units with sleeper cabs and 40 new Schmitz Cargobull tri-axle reefer trailers to its fleet in a bid to cut fuel use and emissions.The addition of the new trucks - the first in NFT’s striking new livery - follows a ...
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MT ArticleKenyon Road Haulage snaps up some of Gilbraith's assets from Pollock (Scotrans)
Blackburn-based Kenyon Road Haulage has bought some of the assets of fellow Palletways member Gilbraith (TS) from owner Pollock (Scotrans).The deal sees Kenyon Road Haulage take 18 trucks, around 30 staff and some of Gilbraith’s customer base but not the business's Blackburn depot, which Pollock (Scotrans) has retained.Speaking to MT, ...
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MT ArticleGefco Group gearing up for IPO
French-owned Gefco Group is planning to sell a 40% stake in its business this year.Car manufacturer Groupe PSA, which owns Peugeot, currently holds a 25% stake in the group after selling a 75% share of the firm to Russian Railways in 2012.Last month Gefco Group presented IPO documents for approval ...
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MT Article
Geodis UK's losses deepen after investment in new Midlands site
Geodis UK said its losses deepened in 2017 largely due to the “significant start-up costs” of a new site it opened in the Midlands.Newly published financial figures for the year ending 30 December 2017 revealed that the operator increased its turnover slightly to £50.1m (2016: £49.3m) but its pre-tax loss ...
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MT ArticleDVSA to introduce new roadside fine payment system
The DVSA is introducing a new payment portal for fixed penalty roadside fines this month to replace chip and PIN payments.The portal, which will be available from 29 January, will mean payments can be made from any location and at any time of the day by anyone nominated by the ...
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MT Article
ARR Craib was in rude health ahead of its purchase by Gregory Distribution, accounts show
ARR Craib Transport grew both annual turnover and profit in its last full year of trading before it was acquired by Gregory Distribution, new accounts show.In the year to 31 March the Aberdeen headquartered haulier saw its diversification away from the UK oil and gas industry coupled with “excellent retention” ...
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MT Article
UPN welcomes Westons Transport and First Choice Transport to the fold
Westons Transport and First Choice Transport have become the latest members of the United Pallet Network (UPN).Erith-based Westons Transport will cover the DA postcode for UPN while Deptford’s First Choice Transport has taken on the SE London postcodes for the pallet network.“We are delighted to have become a member of ...
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MT Article
Almtone owned Canute Group placed into administration; some jobs saved but 450 lost
The reign of Almtone-owned Canute Group came to an end today (21 December) just over seven months after it began with the pre-pack administration and sale of its predecessor company.Close to 600 staff at the firm were informed verbally at 4pm today that the business would be moving into administration ...