Operator news – Page 253
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MT ArticleDX Group woes mount after accounting error
DX Group is to take a close to £2m profit hit after an accounting error relating to the treatment of a leasehold property.In a statement, the embattled operator said that during the preparation of its final result for the year ended 30 June 2017, it had “become aware of an ...
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MT ArticleRoad services growth drives Bartrums business onwards
Bartrums has reported a combined turnover of more than £28m for 2016, with strong growth in its road services arm.Newly published accounts show that for the year ending 31 December 2016, the Eye, Suffolk-based company posted a turnover of £19.6m in its haulage and storage division, 3.7% higher than in ...
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MT ArticleUPS named first commercial partner for Fuso eCanter electric truck
UPS will be the first commercial partner of Daimler-owned Fuso’s electric eCanter truck, which was officially launched in New York today.Production of the truck, which has a 100km range and 3-tonne payload, began in Portugal earlier this year.Daimler hopes to deliver 500 eCanter units to businesses in the US, Europe ...
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MT ArticleKammac joins Pallet-Track to fill Abbey Logistics Group hole
KammacKammac has joined Pallet-Track, taking on the WA postcode that is being vacated by Abbey Logistics Group at the end of next month.The operator, formed in the 1980s by MD Paul Kamel, has depots in Lancashire, Merseyside, Nottinghamshire and Staffordshire.It employs more than 350 people and specialises in contract logistics, ...
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MT ArticleEddie Stobart opens training academy to wider transport industry
Eddie Stobart has opened its previously in-house training academy up to the whole transport industry. The operator opened its training facility at its Appleton HQ in 2015, where it's been training its own employees in HGV driving, transport legislation, warehouse and operational training and management development.As of today (14 September) ...
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MT ArticleSpar wholesaler James Hall & Co buys new Volvos
Spar wholesaler James Hall & Co has bought eight new Volvos to serve more than 600 stores across the country. The operator bought six 4x2 FM tractor units as well as two 6x2 FE rigid trucks, with 410hp and 320hp respectively.The vehicles have 11-litre Volvo engines and are equipped with ...
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MT ArticleAbbey Logistics Group to end general haulage and pallet work and focus on tanker business
Abbey Logistics Group will close its general haulage and pallet network business to concentrate on the tanker business where it first made its name.In a statement today (12 September), the firm, which was originally known as Abbey Road Tanks, said it had grown rapidly in the last two years through ...
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MT Article
NFT promotes Ross Eggleton to chief executive role as part of growth plans
Chilled food logistics specialist NFT has announced a management restructuring that will see chief operating officer Ross Eggleton become chief executive at the firm in January.As part of the restructuring, current CEO David Frankish will become NFT vice- chairman with responsibility for strategic customer development and acquisition and merger opportunities.He ...
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MT ArticlePallet-Track passes 20 millionth pallet milestone
Pallet-Track marked a milestone this month after processing the 20 millionth pallet through its network since it first opened for business 13 years ago.The pallet network, which recently opened a £10m hub in Greater Manchester, said it had recorded an increase in the volume of traffic through its UK locations ...
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MT ArticleRoyal Mail workers to be balloted for industrial action over pension and pay row
Royal MailAs reported by MT earlier this week, the Communication Workers Union (CWU) has today confirmed it will ballot members for industrial action over a host of issues including pensions at Royal Mail.Terry Pullinger, CWU deputy general secretary (postal), said: “Talks have been taking place since April 2016, but the ...
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MT ArticleFaccenda Foods and truck tyre retreader Bandvulc build on relationship
Poultry supplier Faccenda Foods has awarded truck tyre retreader Bandvulc with a contract extention.The extention, which runs to March 2019, will take Bandvulc’s partnership with Faccenda Foods into its 11th year.The deal sees BVPlus+, the firm’s fleet management division, deliver tyre management services to Faccenda’s fleet of 166 trucks and ...
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MT Article
Yodel makes eighth consecutive loss, but shareholders keep the faith
Yodel failed to turn a profit for the eighth consecutive year in its recently closed financial year, and CEO Mike Cooper has admitted its owners regularly give him “a hard time”.The parcel carrier has never managed turned a profit, making a pre-tax loss of £50.4m in its most recently published ...
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MT ArticlePalletforce welcomes Tomsetts Distribution to network
Palletforce is boosting its coverage of the south east of England with the addition of former Palletline member Tomsetts Distribution.Tomsetts Distribution is the sixth firm to join Palletforce this year, following in the footsteps of DNA, NGC Logistics, Circle Express, Shakespeare Transport and QTR Transport. This latest addition boosts the ...
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MT Article
Royal Mail faces strike action over pension reforms
Royal Mail is facing strike action after four weeks of negotiations on pension reforms ended in stalemate.In the same week the company was relegated from the FTSE 100 to the FTSE 250, the CWU said it is yet to decide whether to ballot members on industrial action.A CWU spokesman told ...
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MT ArticleSeafield Logistics business dissolved
Seafield liveried tanker - the firm collapsed in 2014Seafield Logistics, which was one of 2014’s highest profile failures within road transport, has been dissolved bringing an official end to its story.Collapsing in July 2014, Seafield’s bulk powder transport business was sold immediately to Abbey Logistics and its warehousing business based ...
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MT ArticleCurrie European becomes Currie Solutions
Currie SolutionsCurrie European has rebranded as Currie Solutions with immediate effect.The firm, more than 40 years old, said the choice of its new name was influenced by the way its business had developed to meet customers' increasingly diverse requirements over the years when holding and distributing their goods."We are not ...
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MT ArticleMenzies Distribution charges up parcels business with Gnewt Cargo buy
Menzies Distribution has bought fully electric final-mile delivery firm Gnewt Cargo for an undisclosed sum. London-based Gnewt Cargo runs 100 electric vehicles in the city, and Menzies said the acquisition will support its drive to build a neutral, UK-wide parcel consolidation service while boosting its green portfolio.Menzies MD Greg Michael ...
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MT Article
Eddie Stobart grows but return to stock market puts temporary brake on profit
Eddie Stobart saw turnover and earnings grow in the first six months of its financial year, but the cost of refinancing, its stock market listing and the end of an Irish retail contract resulted in a pre-tax loss.Having completed an initial public offering (IPO) on the Alternative Investment Market in ...
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MT ArticleWelch's Transport sees profit fall due to staffing shortfall
Welch’s Transport saw profit fall in a year with an “uncomfortably high” turnover in operational staff, according to the firm’s latest annual results.The Cambridgeshire haulier’s newly published accounts for the year to 31 December 2016 reveal that whilst turnover rose by 6.3% to £13.4m (2015: £12.6m), pre-tax profit was 4.5% ...
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MT Article
John Raymond Transport ready to bounce back after restructuring
Bridgend-based John Raymond Transport has endured a tough period but parent company Nolan Transport believes the required changes have now been made to return the haulier to health.Nolan Transport purchased John Raymond Transport in September 2016, with John Raymond stepping down from the board at that time to be replaced ...