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All Operator news articles – Page 233
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MT Article
Harris Transport placed into administration
Southampton’s Harris Transport, which ceased trading last week, has now been placed into administration.Alexander Kinninmonth and Richard Brewer of RSM Restructuring have been appointed as joint administrators of the Eastleigh-based transport, distribution and warehouse firm.On 17 August, prior to the appointment of the administrator, 70 staff were made redundant with ...
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MT ArticleBowker Transport appoints a new chief financial officer
Andrew Gee, 53, has been appointed chief financial officer of Bowker Transport.Gee (pictured) joins with more than 20 years of financial experience including boardroom roles with JJB Sports, Dave Whelan Sports, HIMOR Group and most recently Lewis’s Home Retail (TJ Hughes).It is the first time a key position has been ...
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MT ArticleXPO Logistics and House of Fraser supply chain standoff continues
XPO Logistics remains in a standoff with the new owner of House of Fraser, with the department store group’s supply chain paralysed as a consequence.The logistics firm is owed £30.4m as a creditor of the retailer, which was placed into administration on 10 August and saw most of its assets ...
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MT Article
More than 600 jobs at risk at XPO Logistics as House of Fraser fallout continues
More than 600 jobs at XPO Logistics are at risk after the collapse and subsequent sale of House of Fraser to Sports Direct, which has left the operator owed £30.4m.The department store group initially agreed a company voluntary arrangement in June. The business was subsequently put into administration with EY, ...
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MT Article
Sale of NBS Transport's assets raises £45,000 but creditors unlikely to get paid
An online sale of assets belonging to an Oldham-based logistics firm that entered administration in June has raised around £45,000 – but creditors are still unlikely to be paid.NBS Transport collapsed with the loss of 20 jobs, due to cash flow difficulties “exacerbated by a significant law-margin contract and slow ...
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MT ArticleBiffa acquires Weir Waste Services
Biffa has acquired Weir Waste Services who provide waste and recycling solutions in Birmingham and the West Midlands region.WWS has been bought for a consideration plus debt of£16.2m, funded from Biffa’s existing cash and debt facilities.The business will be incorporated into Biffa’s industrial & commercial division, enabling the combined business ...
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MT ArticleHarris Transport ceases to trade
Southampton’s Harris Transport has closed its doors, with around 70 staff sent home last Friday (10 August).A spokesman for the haulier said: “The situation is that the company has ceased to trade and is arranging for customers to collect their goods.“The company has filed a notice of intention to appoint ...
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MT Article
Royal Mail fined £50m for 'deliberate strategy' to limit final mile competition
Royal Mail has been fined £50m by Ofcom for a “serious” breach of competition law, in which it abused its dominant market position and deliberately targeted final mile delivery competitor Whistl.Whistl, then TNT Post, was trialling final mile operations in London and Manchester when Royal Mail announced a hike in ...
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MT Article
Canute Haulage Group facing legal action from its former pallet network
Pallet-Track is preparing legal action against the new owner of Canute Haulage Group over a £50,000 debt, MT can reveal.Canute was a Pallet-Track member and covered multiple postcodes including CA, LA, TD, DG and RM.However, Pallet-Track is understood to have served Canute its notice in March, ahead of its controversial ...
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MT ArticleWincanton extends Ibstock Brick contract
Wincanton has extended its contract with brick manufacturer Ibstock Brick by four years.The operator manages 95% of the distribution of Ibstock Brick’s products and will be the sole supplier of transport at its new factory in Leicestershire, which opened in June.Ranald Forbes, director of construction at Wincanton, said: “Our specialised ...
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MT Article
Maritime Transport sets its sights on chilled distribution sector after strong 2017
Maritime Transport wants to grow in the chilled distribution sector, after a successful start to its contract running Tesco’s Snodland DC contributed to a strong performance in 2017.Taking over from Wincanton, Maritime began delivering chilled produce to Tesco stores in the South London area a year ago, and MD John ...
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MT Article
Asset Alliance buys Hanbury Riverside
Asset Alliance has bought renowned commercial vehicle dealership Hanbury Riverside for an undisclosed sum.The deal, including vehicle assets of more than £17m, completed yesterday (6 August) after more than six months of talks.Asset Alliance, which gains its first depot in the South East in the acquisition, welcomed the links the ...
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MT Article
Premier Logistics (UK) forced to improve terms of CVA for creditors
HMRC has forced through a revision to the original deal put forward for creditors of Premier Logistics (UK), which entered a Company Voluntary Agreement (CVA) earlier this week, MT can reveal.Following a meeting on 30 July where the revisions were put to creditors of the business, the tax man, which ...
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MT ArticleYusen Logistics UK snaps up ILG to boost its e-commerce offer
MT Top 100 company Yusen Logistics UK has snapped up e-commerce delivery and fulfilment firm ILG, in a move it claims will catapult it into the top ten of UK logistics providers.The deal, completed on 1 August, could deliver a 12% revenue boost to Yusen Logistics, which ranked 21 in ...
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MT ArticlePremier Logistics (UK) enters into company voluntary arrangement
Bardon, Leicestershire-based Premier Logistics (UK) has entered into a company voluntary arrangement (CVA).Rajnesh Mittal and Steven Stokes of FRP Advisory have been named as joint supervisors of the CVA.The struggling haulier has been seeking to restructure its finances in the face of a £5.7m shortfall to creditors.The final details of ...
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MT ArticleClipper Logistics flying high as contract wins and and acquisitions provide boost
New contracts and successful acquisitions made for a strong 2017/18 at Clipper Logistics, which saw both its turnover and profit soar.The e-retail specialist saw turnover increase by 17.6% in the year ended 30 April 2018 to £400.1m (2017: £340.1m). Pre-tax profit for the year was up by 11.8% at £18m ...
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MT ArticleSuttons Group spends £6m on 70 Volvo FMs
Suttons Group is spending more than £6m on new tractor units– the first in the UK road tanker fleet to feature the company’s new branding.The company is purchasing around 70 new Volvo FMs with Globetrotter XL cabs as part of a replacement strategy to upgrade the existing vehicles, along with ...
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MT ArticleTuffnells debuts new livery as it puts ten Mercedes-Benz Ategos into operation
Tuffnells has unveiled an update to its ‘Big green parcel machine’ livery on the side of 10 new Mercedes-Benz Atego it has put into service.Stuart Godman, commercial director at Tuffnells owner Connect Group, said, “We’re delighted to be revealing our fresh new look, one that simultaneously recalls Tuffnells’ 104-year heritage ...
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MT Article
Connect Group brings in new CEO from America in bid to turn its fortunes around
Connect Group has appointed the former CEO of an American logistics supplier as its new chief executive, after a troubling set of results for the group triggered the resignation of Mark Cashmore last month.Jos Opdeweegh has worked at the helm of a number of logistics and supply chain business in ...
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MT Article
Premier Logistics on the brink of company voluntary arrangement
Struggling haulier Premier Logistics (UK) is set to enter a company voluntary arrangement (CVA) as it looks to restructure its finances in the face of a £5.7m shortfall to creditors, MT has learnt.In a letter seen by MT dated 11 July, FRP Advisory stated that it had been instructed by ...