All Operator news articles – Page 235
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MT Article
Shareholder Dbay in bid for Eddie Stobart Logistics
Eddie Stobart Logistics (ESL) has received a takeover bid from one of its current shareholders, Dbay Advisors.ESL shocked investors last month when it asked for its AIM-listed shares to be suspended after it failed to publish its half-year results in time.CEO Alex Laffey also stepped down with immediate effect and ...
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MT ArticleHermes installs third sorting tier at Rugby super hub
Parcels delivery giant Hermes has completed the installation of a third sortation tier at its Rugby super hub, which at 270,000sq ft is claimed to be Europe's largest automated parcels sortation centre.The £16m project enhances existing output by 40% with the capability to process 1.35 million parcels each dayWith Hermes' ...
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MT Article
UPN continues its "fantastic" year with three new members
UPN has announced three new members to its pallet network, adding that it’s shaping up to be a record-breaking year.Nottingham-based D&D Transport, Cross Country Carriers in Suffolk and Three Legged Transport in Dorset have all signed membership agreements with the 18-year-old network.Dave Palmer, MD of D&D Transport, said joining UPN ...
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MT ArticleMenzies takes off with new deal to supply BA newspapers and magazines
Menzies Distribution has entered into an agreement with British Airways (BA) to deliver more than 530,000 newspapers and magazines a week to the airline’s flight gates and first and club lounges.The service will be undertaken by Media on the Move, the travel media subsidiary of the retail logistics firm.The exclusive ...
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MT Article
Retail and e-tail logistics up but commercial vehicle sales down at Clipper Logistics
Clipper Logistics’ latest annual pre-tax profits took a hit after it agreed – following lengthy debates with its auditors - that a series of contracts signed at the end of the financial year should be included in the following year’s accounts.Tough trading conditions in the commercial vehicle market “exacerbated” by ...
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MT ArticleRase Distribution calls on Palletways to observe its 750kg pallet weight ban
A commitment by Palletways member Rase Distribution to decline any residential deliveries of pallets weighing more than 750kg has cost it £13,000 this year in additional charges, the company revealed this week.Despite the additional costs, which have been incurred in hiring other operators to collect and deliver the rejected heavy ...
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MT Article
Eddie Stobart Logistics may seek capital injection to tackle rising debts
Eddie Stobart Logistics (ESL) may be forced to seek a new injection of capital to ease investor concerns over mounting debts, an equity analyst has told motortransport.co.ukThe company shocked investors last week when it suspended trading in its shares and announced CEO Alex Laffey was to step down. It has ...
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MT ArticleMid-UK Recycling suffered fire and loss-making contract ahead of pre-pack
A substantial fire and a significantly loss-making contract were two of the main causes behind the administration of Lincolnshire waste haulage firm Mid-UK Recycling (MUK), according to PWC.The company, which traded from seven sites and held a licence for a total of 98 HGVs, was sold in a pre-pack deal ...
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MT ArticleRT Page joins The Pallet Network
Arundel-based events logistics experts RT Page has joined The Pallet Network (TPN) covering parts of the GU and BN postcodes as part of a strategy to develop its domestic haulage business.MD Nick Tree said it has worked extensively with the Eddie Stobart Logistics-owned network over the summer ahead of its ...
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MT ArticlePlea to surrender Aspray Transport licences to avoid “negative connotations” rejected by TC
An 11th hour plea by the new owners of Aspray Transport, days before it went into administration last month, that its operating licences be surrendered rather than revoked, to avoid “negative connotations”, was rejected by the traffic commissioner who ruled that it “must have been abundantly clear” during due diligence ...
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MT ArticleWhistl tunes up for busiest-ever peak
Whistl’s strategy of focusing on the parcel delivery sector appears to be paying off after the distribution firm claimed the 2019 peak period was stacking up to be its busiest on record.In last year’s annual results, Whistl said the mail market was dwindling and that its ability to offer a ...
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MT Article
Poundworld creditors will be left short changed warns administrator
Companies owed money following the collapse of own account operator Poundworld Retail may only receive a tiny fraction of the estimated £204m owed to them, after the administrator said there was just £600,000 available to distribute.In a progress report from Deloitte marking a year since negotiations with potential buyer R ...
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MT Article
Eddie Stobart Logistics management obstructed auditor, KPMG letter reveals
Eddie Stobart Logistics management made it difficult for KPMG to obtain "sufficient audit evidence" as it tried to compile the company's annual accounts, which prompted the accountancy firm to resign as its auditor.In a formal resignation letter to Eddie Stobart management, sent in November last year, KPMG stated: “Our reason ...
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MT ArticleEddie Stobart Logistics suspends shares as CEO steps down
Eddie Stobart Logistics (ESL) has applied for its shares to be suspended from AIM trading after it failed to publish its half-year results in time.The company has also announced that CEO Alex Laffey is to step down with immediate effect.It is understood that Sebastien Desreumaux, currently CEO of iForce and ...
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MT ArticleTransfreight Automotive Logistics Europe in liquidation after Yusen buyout
Transfreight Automotive Logistics Europe (TALE) has entered liquidation after Yusen Logistics acquired the business and hived up its operational activities.TALE was bought by Yusen in 2017 as part of a strategy of continued growth.At the time, the company said the acquisition would “enhance Yusen’s existing automotive network capability by adding ...
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MT ArticleAspray Transport in administration due to "historical mismanagement", owners tell staff
"Historical mismanagement” combined with operating licence "issues", Brexit and rising fuel prices led to Aspray Transport's demise, according to a letter sent by the firm's owners to its employees. The company, which was the delivery arm of Aspray Group, ceased trading last week, six months after the group was acquired ...
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MT Article
Pall-Ex delivers growth despite "tough" market conditions
Pall-Ex defied “challenging” market conditions to deliver a 31% leap in pre-tax profits and a 10% rise in member volumes last year.In its latest annual results to 31 July 2018 the pallet network, which has around 95 members, saw turnover increase by 8% to £71m (2017: £65.9m) with pre-tax profit ...
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MT ArticleArrowXL's new Worcester hub rises from the ashes
Delivery firm ArrowXL is set to move into a brand new facility in Worcester next month, more than two years after its original hub was burnt to the ground.The fire took hold in April 2017 at the firm's hub on the Blackpole Trading Estate in Worcester.It saw the two-person home ...
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MT ArticleJobs gone but assets still being sold at Ian Aldridge Transport
Administrators for Ian Aldridge Transport said 30 staff were made redundant prior to its appointment in July.The Cornish haulier ceased trading on 8 July before administrators at BDO LLP were appointed more than two weeks later on the 24th. Calls to the company were being answered, but last week a ...
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MT ArticleGeodis expands Cotswold Fayre relationship
Geodis has been appointed by wholesaler Cotswold Fayre to manage its warehousing and the distribution of its portfolio of food and drinks to retailers across the UK, under a three-year deal.The operator has been delivering all Cotswold Fayre’s shipments to its 1,750 retailers since March, and starting this month is ...