All Operator news articles – Page 204
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MT Article
DBAY Advisors offers to buy controlling stake in Eddie Stobart Logistics and inject £55m of financing
Private equity investor DBAY Advisors has offered to buy a controlling stake in Eddie Stobart Logistics (ESL).Under the terms of the proposal, DBAY would acquire a 51% stake, with existing shareholders having a 49% interest. It is also proposing an injection of approximately £55m of financing into the group's operations ...
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MT ArticleR Swain & Sons boosts turnover and profits in 2018 despite impact of "Beast from the East" and Brexit
R Swain & Sons defied adverse weather conditions to boost turnover by almost a third and pretax profit by close to three quarters last year, helped by its acquisition of Express Freight in June 2018.In its annual results to 31 December 2018 the family firm, which is based in Medway, ...
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MT ArticleRyder cleans up in deal with laundry specialist Elis for 162 new DAF rigids
Ryder is supplying 162 new DAF vehicles to international textile, hygiene and facilities services specialist Elis.The deal sees French group Elis make its first HGV order since it acquired UK firm Berendsen in a £2.2bn in Septenber 2017.The new vehicles, which are being supplied in new ‘Elis’ livery designed specifically ...
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MT Article
Menzies Distribution opens dedicated newstrade hub in Inverness
Menzies Distribution has opened a dedicated newstrade logistics hub in Inverness following a number of major contract wins this year.The company said the move is part of a wider strategy to improve its newstrade logistics capabilities after landing a series of newstrade deals.Major wins this year include a magazine sales ...
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MT ArticleDBAY given fifth extension to Eddie Stobart bid deadline
DBAY Advisors has been granted a fifth extension to its deadline to make a bid for Eddie Stobart Logistics (ESL).DBAY had previously been given until 5pm on November 8 to make an offer or walk away.However, with the Isle of Man-based business still running the rule of ESL's finances, the ...
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MT ArticleVolvo Trucks targets UK as it begins Europe-wide electric rollout
Volvo Trucks has started selling its FL and FE electric trucks in selected markets within Europe, meeting the increasing demand for sustainable transport solutions in city environments, the company said.Initially the launch markets will be Sweden, Norway, Germany, Switzerland, France and the Netherlands, with further markets - including the UK ...
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MT Article
Workers mull strike action at XPO depots in dispute over pay and pensions
Union GMB is calling on 600 workers at XPO Logistics' Eurocentral and Bellshill depots to strike in a move which could threaten supplies to 60 Morrisons stores in the run up to Christmas.The union is claiming that XPO has breached an agreement over payroll and pensions, showing "utter contempt" for ...
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MT Article
Losses deepen at Currie Solutions in the face of Amazon cuts, "fierce" competition and driver shortages
Amazon’s drive to use “cheaper hauliers” combined with “fierce" competition, tight margins and the driver shortage have seen Currie Solutions' pre-tax losses almost quadruple.However, managing director Stephen Turner remained upbeat this week, insisting that the Dumfries-based haulage firm is going through a period of transition as it expands and develops ...
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MT ArticleConnect Group reveals more details of strategic review of troubled Tuffnells business as CEO steps down
Connect Group has revealed further details of the strategic review of its troubled Tuffnells business after announcing that CEO Jos Opdeweegh has stepped down.He will be replaced by new interim CEO John Bunting.The group has also published its preliminary results for the year ended 31 August 2019 which show Tuffnells ...
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MT ArticleGrid Smarter Cities wins Innovate UK award with bid to cut construction traffic congestion
A £485,000 pilot project which aims to develop technology to monitor, manage and regulate HGV journeys across Croydon is set to launch next spring.The project, partly funded by Innovate UK, will see tech company Grid Smarter Cities work in partnership with EB Charging and Croydon Council to develop a freight ...
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MT ArticleTradeteam staff put Christmas beer deliveries in jeopardy with threat of strike action
Tradeteam may have averted a rolling programme of strikes among its staff of drivers, draymen and warehouse workers at its Enfield depot after it put forward an improved pay offer following an apparent U-turn.The Unite union told Motor Transport the new package would be put to its members on Monday ...
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MT ArticleCompanies owed money by M and J Haulage to get dividend payment
Companies owed money following the administration of sugar beet haulier M and J Haulage are estimated to receive a dividend of 10p in the pound.The Lincolnshire firm has now entered liquidation and in a report to creditors liquidator Mark Orton at KPMG said the timing and amount of any dividend ...
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MT ArticleDHL Supply Chain promises to protect jobs on Mothercare contract as retailer calls in administrators
DHL Supply Chain will do its “utmost” to protect the jobs of staff working on its Mothercare contract, the logistics firm pledged this week following the retailer’s announcement that it is to put its UK business into administration, threatening the closure of 79 stores.DHL Supply Chain has been Mothercare’s distribution ...
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MT ArticleNT Whitfield used MD's pension fund to stay afloat
Stockton-on-Tees haulier NT Whitfield (Transport) was increasingly being kept afloat with cash injections from the MD’s pension pot in the months leading up to its administration.In a report to creditors, FRP Advisory said the company was suffering from “severe cashflow problems” and when it met with MD Ian Smallman on ...
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MT ArticleFood wholesaler Spizarnia in deal with Ryder to meet London ULEZ compliance
Ryder has supported Polish food wholesaler Spizarnia with its first vehicle contract hire agreement for the supply of Euro-6 trucks.The new vehicles are 26-tonne DAF CF330s with Solomon bodies and Carrier Transicold fridges, and are being used to deliver to Spizarnia customers in London and the South.Commented Przemyslaw Duklas, director ...
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MT Article
DBAY Advisors given fourth extension to Eddie Stobart bid deadline
An investor sizing up Eddie Stobart Logistics (ESL) for a potential purchase opportunity has been granted another extension to the deadline to make an offer.Private equity investor DBAY Advisors, ESL’s fourth largest shareholder, now has until 8 November to announce either a firm intention to make an offer for the ...
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MT ArticleFowler Welch to provide storage and warehousing for Wensleydale Creamery
Fowler Welch has secured a new contract with Wensleydale Creamery, makers of Yorkshire Wensleydale cheese.Fowler Welch will provide the cheesemaker with bulk storage for its maturing cheese, as well as distribution services between two of its manufacturing sites in Hawes and near Ripon, North Yorkshire.The new contract was awarded following ...
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MT ArticleCould Amazon make bid for Yodel?
Yodel owners, the Barclay family are thought to be considering offloading the troubled company.Press reports suggest the Barclays are reviewing their entire stable of UK businesses which includes Shop Direct, The Telegraph and Sunday Telegraph newspapers and the Ritz hotel.According to The Times, Aidan and Howard Barclay, the sons of ...
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MT ArticleAGRO Merchants adds new trucks and trailers to Northern Ireland fleet
AGRO Merchants Group has announced further investments into its business in Northern Ireland, primarily focused on transportation.The company will add new trucks and trailers to its transport fleet, which now consists of approximately 300 trucks and 600 refrigerated and curtain-side trailers.AGRO is also enhancing its transport management system and reinforcing ...
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MT ArticleNew investment boosts turnover at Lockwood Haulage
Investment in trucks and warehouse capacity has resulted in a £2.5m increase in turnover at Lockwood Haulage.The Derbyshire transport firm reported a £20m turnover for the year ending 31 January 2019, up £14.5% on 2018’s £17.5m.Pre-tax profit fell marginally, by around £5,000 to £866,389.In a review of the business, the ...