All Operator news articles – Page 202
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MT Article
Kuehne + Nagel shrugs off HMRC investigation into £17m corporation tax saving from network fee charges
A network fee charge which has saved Kuehne + Nagel Limited over £17m in corporation tax over six years is under investigation by HMRC, according to the company's latest annual results.The investigation, revealed in K + N’s annual accounts for the year to 31 December 2018, was triggered following an ...
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MT ArticleElite Precast Concrete signs new logistics deal with Shropshire Express Deliveries
Telford-based Elite Precast Concrete has agreed a new logistics partnership with flatbed haulage specialist Shropshire Express Deliveries.Express, which is also based in Telford, revealed it has taken on new drivers as well as office staff as a direct result of the deal.It has also brought in five new 44-tonne tractor ...
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MT ArticleFormer Eddie Stobart boss Andrew Tinkler increases bid and buys 6.5% stake
The two-way battle for control of Eddie Stobart Logistics (ESL) has taken another twist after former CEO Andrew Tinkler (pictured) promised to inject a further £10m of equity into the troubled haulier if his bid is successful.The move would see Tinkler's overall offer rise to £80m, in part to repay ...
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MT ArticleAlton Transport Service reveals reasons for its demise
Hampshire haulier Alton Transport Service has admitted that taking on “loss making” work from Palletline and losing a contract from Tarmac were to blame for its insolvency.The directors explained to administrators why the firm was struggling to continue trading shortly before the business and assets were sold in a pre-pack ...
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MT Article
DBAY warns Eddie Stobart Logistics shareholders to vote for its proposal or face "imminent liquidity shortfall"
Eddie Stobart Logistics (ESL) will see lenders pull out and face an “imminent liquidity shortfall” if shareholders reject DBAY Advisors’ takeover bid, DBAY warned this week.The warning follows reports that advisers to Andrew Tinkler, the former Eddie Stobart Logistics chief executive, are preparing to lodge a formal appeal with the ...
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MT ArticleExpress European Couriers joins Palletforce
Former Pallet Track member Express European Couriers has switched to Palletforce, becoming its 12th new business to sign up this year.The network said that the Kent firm will provide a delivery and collection service, including 40,000 sq ft of warehousing facilities, from its headquarters in Tonbridge.It will cover 12 TN ...
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MT ArticleStanian Transport rescued from administration after costly failed takeover
One of the longest-standing haulage businesses in Manchester has been saved after it entered administration following a failed attempt to purchase another firm, according to its director.General haulier Stanian Transport, which held an O-licence for 35 trucks and 50 trailers, appointed administrators Alvarez & Marsal Europe on 18 November.Director Theresa ...
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MT ArticleWarehouse robots recruited to help XPO tackle Christmas peak
XPO Logistics has ramped up its use of intelligent robotics ahead of the Christmas peak period.The robots, which XPO already uses in the US, work alongside XPO’s employees to help manage inventory for distribution during the seasonal peak.Manufactured by 6 River Systems, XPO’s US robotic technology partner, the mobile robots ...
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MT ArticlePall-Ex Group sets sights on European expansion
Pall-Ex Group has revealed plans to expand further into Europe following last month's management buyout that saw founder, owner and chairwoman Hilary Devey step away from the day-to-day running of the business.The group is now collectively owned by its UK network membership and senior management team in an arrangement it ...
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MT Article"Do more to support transport industry," Moody Logistics MD urges business secretary
Moody Logistics MD Caroline Moody (left) with business secretary Andrea LeadsomMoody Logistics has highlighted the need for government support of the haulage and logistics industry after business secretary Andrea Leadsom paid a visit to the family-run firm.MD Caroline Moody said she explained to her “the vital role it plays in ...
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MT ArticleFormer Eddie Stobart Logistics boss Andrew Tinkler claims 'vast majority' of its shareholders back his takeover bid
Eddie Stobart’s former boss Andrew Tinkler (pictured) claims to have secured better-than-expected support from investors for a £70m rescue of Eddie Stobart Logistics (ESL), just days after announcing his intentions.TVFB, a company controlled by Tinkler, said its proposed fundraising had already received conditional indications in excess of the £70m target, ...
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MT ArticleGnewt by Menzies Distribution delivers ten millionth parcel emission-free
Electric delivery fleet Gnewt by Menzies Distribution has delivered its ten millionth parcel emission-free, saving what it estimates to be 2.3m kg of CO2 compared to standard diesel delivery vehicles.The firm, which pioneered parcel deliveries using electric vehicles (EVs) is also celebrating 10 years in business. During this time ...
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MT ArticleJames Dolan subsidiary Green and Skinner (Haulage) closes with loss of 43 jobs
Ipswich-based Green and Skinner (Haulage) has closed down, with the loss of 43 jobs.The company, which specialised in container transport and was acquired by the James Dolan Group in 2016, is expected to appoint FRP as joint liquidators in the next few days.The closure of the 60-year-old business follows the ...
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MT ArticleClose Brothers Vehicle Hire launches municipal rental offering
Close Brothers Vehicle Hire, part of Close Brothers Group, has launched a new municipal rental offering.The business will offer contract hire, flexi-lease and daily rental options on a comprehensive suite of municipal vehicles, including refuse trucks, sweepers, hook and skip lorries, gulley emptiers, gritters, tipper grabs, brick grabs and cage ...
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MT Article
Royal Mail sees "strong growth" in parcels business as costs rise and letter volumes continue to fall
The cost of strike action and a faster than predicted fall in letter volumes could see Royal Mail make a loss next year, despite a "strong" half-year performance from its parcels business.Presenting Royal Mail’s half-yearly results to 29 September 2019, group chief executive Rico Back revealed a 5.1% increase in ...
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MT ArticleAndrew Tinkler announces firm bid for Eddie Stobart Logistics as Wincanton bows out
Former Eddie Stobart chief Andrew Tinkler has confirmed his intention to bid for Eddie Stobart Logistics (ESL) just hours after Wincanton withdrew from the fray and is warning that a rival bid from DBAY Advisors is not in the interests of ESL shareholders.The confirmation came today in a Stock Exchange ...
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MT Article
Eddie Stobart Logistics questions Wincanton's motives for pulling out of bidding race
Eddie Stobart Logistics (ESL) has hit back at Wincanton's claims this week that it has withdrawn its interest in bidding for the company due to a lack of financial information, insisting it gave Wincanton “extensive due diligence commensurate with its status as a strategic competitor".Wincanton withdrew its interest in bidding ...
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MT ArticleMaritime's East Midlands Gateway on track for completion
Maritime has revealed it is making "rapid progress" on the construction of its rail terminal at Castle Donington, East Midlands Gateway (EMG), due to begin operating officially at the start of 2020.The 17-acre interchange, which will be capable of handling up to sixteen 775metre-long freight trains daily, has recently taken ...
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MT ArticlePalletforce launches new artificial intelligence technology Alliance Sense
Palletforce has announced the roll-out of new artificial intelligence (AI) technology across its entire distribution channel.Alliance Sense has the ability to predict delivery issues before they happen and is the first system of its kind to be used by a transport network, the company claimed.Building on its bespoke Alliance system, ...
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MT ArticleHexagon Leasing rides on the storm for new Mercedes-Benz vehicles
GRP building components supplier Stormking has taken three Mercedes-Benz vans from Hexagon Leasing after using the contract hire and leasing specialist to replace its HGV fleet over the last three years.The Tamworth-based supplier of products including fibre-glass dormer windows, dormer canopies and door canopies has added a Sprinter and two ...