All Operator news articles – Page 216
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MT ArticleBrexit is in road transport's best interests, insists Europa MD Andrew Baxter
Europa MD Andrew Baxter has revealed the company has spent at least £1m on Brexit preparations in 2019 alone but said year-end profits would still be up and that leaving the EU is the right outcome for the logistics sector.With the Dartford-based firm focusing heavily on UK/European road freight, committed ...
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MT Article
William Stobart to take key role at Eddie Stobart Logistics under DBAY takeover plans
William Stobart is set to return to Eddie Stobart Logistics (ESL) if equity firm DBAY Advisors succeeds in its bid to buy the troubled haulier.Stobart's initial task will be to lead the board in ensuring ESL deliver a "strong performance" over the peak Black Friday and Christmas period.Rival bidder Andrew ...
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MT Article
Wincanton and Eddie Stobart merger a "logical" match, says CEO James Wroath as he unveils group's half-year results
There is an “industrial logic” to Wincanton merging with Eddie Stobart Logistics (ESL), Wincanton’s new chief executive James Wroath told analysts at the launch of the group’s latest half-year results.Unveiling figures until 30 September, Wroath said there was a synergy between Wincanton and ESL, particularly in the transport services ...
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MT Article
Former CEO Andrew Tinkler returns to ring with £75m bid for Eddie Stobart Logistics
Andrew Tinkler, former boss of Eddie Stobart, is putting together a £75m rescue bid for ailing Eddie Stobart Logistics (ESL), according to reports.Tinkler, who headed up the business as part of the Stobart Group until 2014, is reported to be putting together a £50m package, with an additional £25m ...
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MT Article
Wincanton urges Eddie Stobart stakeholders to "take no immediate action" on DBAY sale agreement
Wincanton has told Eddie Stobart Logistics' stakeholders to "take no immediate action" following news that ESL has agreed a conditional sale to private equity firm DBAY Advisors.Wincanton is still running the rule over a possible merger of its own with ESL and undertaking a due diligence exercise on its assets. ...
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MT ArticleEddie Stobart Logistics agrees conditional rescue deal with DBAY Advisors as debts rise to £12m
Eddie Stobart Logistics (ESL) has entered into a conditional sale and purchase agreement with private equity investor DBAY Advisors.In an update to the London Stock Exchange, ESL also revealed it is expecting a loss of at least £12m when its delayed half-year results are finally published.It said "shareholders should note ...
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MT ArticleTradeteam staff suspend strike action after accepting new pay offer
The Unite union have confirmed that plans for a rolling programme of strikes at a Tradeteam depot in London have been suspended after members voted in favour of a renewed pay offer.According to the union, industrial action at Tradeteam’s Enfield depot could have affected customers Carlsberg, Coors, Greene King and ...
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MT ArticleCorporate Road Solutions 24:7 enters administration
Supermarket distributor Corporate Road Solutions 24:7, which traded as Beau, has entered administration with the immediate loss of 66 jobs.Based on the Redmill Industrial Estate in Bathgate, West Lothian, the company had operated as a road haulage contractor and freight forwarder since 2005.KPMG was appointed to the firm on Monday ...
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MT ArticleSDC Trailers blames planned job cuts on Brexit uncertainty and falling sales
Brexit uncertainty and slowing sales have forced SDC Trailers to look at cutting “a number of jobs" at its plants in Mansfield and Toomebridge in Northern Ireland, the manufacturer revealed this week.The planned cuts also follow the loss of SDC Trailers' major chassis building contract for Peterborough-based trailer manufacturer Lawrence ...
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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 ...