All Operator news articles – Page 250
-
MT Article
DX Group EGM cancelled because of proposed Menzies Distribution acquisition
The extraordinary general meeting called for by a DX Group shareholder has been cancelled after the delivery company announced its intention to buy Menzies Distribution. Gatemore Capital Managemen called for the meeting last month to try and have Bob Holt and non-executive director Paul Murray removed from the board and ...
-
MT Article
Bill Bacon appointed DHL Tradeteam MD
DHL Tradeteam has named Bill Bacon as MD, replacing James Gill.Bacon (pictured) was formerly MD of DHL Supply Chain’s automotive division and has held various roles across the retail and automotive sectors since he joined the company in 2001.Gill has become chief financial officer of DHL Supply Chain UK and ...
-
MT Article
Rebecca Davies named joint managing director at AKW Global Logistics
Rebecca Davies has been promoted to joint managing director at AKW Global Logistics.Davies, who was group warehousing director at the firm and has been a board member for several years, has been associated with the AK Worthington side of the business since 1986 (aside from a period with TNT as ...
-
MT ArticleKinaxia adds Panic Transport to its stable
Investment firm Kinaxia is on the hunt for further acquisitions following the purchase of Palletline member Panic Transport (Contracts).It is its sixth acquisition in five years and the first paid for from a war chest of £25m, secured in January last year.The purchase of Rugby-based Panic Transport (Contracts) last month ...
-
MT Article
DX Group's largest shareholder slams John Menzies Distribution acquisition
DX Group’s largest shareholder has slammed the proposed acquisition of John Menzies Distribution, deeming it a bad deal for shareholders, an attempt to distract from “terrible” operating results and a “face saving exercise for the DX board”. The proposed deal, announced this morning, would see DX Group buy the distribution ...
-
MT Article
DX Group's profit plummets 75% in first six months of its trading year
DX Group’s pre-tax profit crashed 75% year-on-year in the six months ending 31 December 2016, it revealed today. The half-year results, released today, report adjusted pre-tax profit or £600,000, against £2.5m for the six months ended 31 December 2015.The group’s turnover increased by 0.7% to 142.7m.Last week the group’s largest ...
-
MT Article
Palletways introduces ETA service
Palletways has become the first in the pallet network sector to offer its customers two-hour delivery windows. The network’s new ETA service is live and is already being used by all member operators.Customers receive a text or email from Palletways and the member operator with an estimated time slot, and ...
-
MT ArticleBibby Distribution takes powder tankers from Feldbinder
Bibby Distribution has bought five new custom-designed powder tankers in a bid to cut the cost of transporting food and ingredients.The Feldbinder tankers, each able to transport 63,000m3, will transport powdered foodstuffs such as starches and sugars across the country and will be operating primarily out of Bibby’s Corby campus.Bibby ...
-
MT ArticleExpect Distribution takes 18 trailers from Ryder
Expect Distribution is to take delivery of 18 more trailers from Ryder. The trailers bring the Bradford-based firm's contract hire fleet with Ryder to 115 and follows the delivery of 31 vehicles - a mix of tractor units, trailers, and trucks - during 2016.The new triaxle curtainsiders, manufactured by SDC, ...
-
MT Article
Fuel efficiency boosts pre-tax profit at CM Downton
Fuel efficiency increases from its Euro-6 fleet boosted CM Downton’s pre-tax profit last year. For the year ended 30 June 2016, Downton recorded a pre-tax profit of £5.7m, up 12% on the previous year’s £5m.A CM Downton spokesman said: “Part of the reason for the slight increase in profit was ...
-
MT Article
Whistl profit up 145% in first full year after separation from Post NL
Whistl saw a leap in pre-tax profit in its first full-year results since the MBO that saw it separated from its PostNL origins. For the year ended 31 December 2016, Whistl recorded pre-tax profit of £8.4m; a 145% increase on 2015’s loss of £18.7m.Chief executive Nick Wells said this was ...
-
Sponsored contentSPONSORED: 'We Are Europa' – video celebrates passion for logistics
Leading independent logistics operator Europa Worldwide Group has launched an innovative video to showcase the real people behind the on-going successes of the business as they tell the story of four years of challenge, courage and ambition.The video is filmed at Europa’s site in Dartford, a £30m facility which is ...
-
MT Article
Eddie Stobart Logistics to return to the stock market in blockbuster listing
Eddie Stobart Logistics returns to the stock market next month with a listing on the Alternative Investment Market (AIM) that will value the operator at more than half a billion pounds.In a statement today, the haulier’s holding company, Greenwhitestar Capital, said it would be seeking admission to AIM in a ...
-
MT ArticleSimon Gibson Transport boosts fleet with 51 Volvo FHs
Rapid growth at East Yorkshire bulk powder haulier Simon Gibson Transport has seen the firm strengthen its fleet with 51 new Volvo FH 6x2 tractor units. These are the latest additions to the firm’s fleet, which has expanded from 94 to 186 vehicles in the past year after European logistics ...
-
MT Article
Palletways opens Bristol hub as part of regional expansion plan
Palletways has launched a £200,000 hub in Bristol as part of its strategy to drive growth through regional expansion.Dubbed the South West Hub, this is the network’s fifth regional site in the UK.Located just off the M5 in Avonmouth, the hub will process around 500 pallets a day, adding to ...
-
MT Article
DX Group investor calls for board change after 90% drop in share price
A 90% plummet in DX Group's share price has prompted its largest shareholder to call for the removal of two board members for their "inexcusable" performance. Gatemore Capital Management, which owns 11.3% of DX Group, has requested an EGM to discuss the removal of board chairman Bob Holt and non-executive ...
-
MT Article
Widdowson Logistics made service agreements with people associated with failed business
The Widdowson story has taken another twist with the revelation that, after its latest pre-pack administration, the Leicester-based haulier entered into service agreements with individuals associated with the failed business.Widdowson Logistics was placed into administration on 23 January with Leonard Curtis, which has handled all of the operator’s recent insolvency ...
-
MT ArticleTruswell Haulage leaves Palletforce for Palletline
Truswell HaulageTruswell Haulage has left Palletforce for Palletline in order to centralise pallet operations around its hub.The Barnsley-based business, which was a Palletforce member for six years, said that while there was no bad blood between it and its former network, the move would boost operational efficiency.MD Ian Truswell ...
-
MT Article
FedEx UK tight lipped on four new acquisitions
FedEx UK made four acquisitions totalling £13.8m in the past 10 months – but has declined the opportunity to say why.The acquisitions are noted as events that took place after the closure of the most recent financial year at the UK arm of the international express delivery giant on 31 ...
-
MT Article
Wave of truckstop closures could see drivers exceeding their hours, warns Brian Yeardley Continental
Brian Yeardley Continental has warned that the closure of the Folkestone Harbour and Alconbury truckstops, combined with the shutting down of French truckstops near Calais, could force UK drivers to exceed driving hours.Hauliers have suffered a slew of truckstop closures in recent weeks, in the UK and France.The A1(M) Alconbury ...