All Operator news articles – Page 253
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MT ArticleBedfords Group slumps to loss but sees better times ahead
Leeds-based Bedfords Group has made “significant progress” in adding new streams of business, according to its latest results, despite recording a pre-tax loss of £221,415 last year.The group, which is owned by SP & PL Holdings, is made up of Bedfords, LinQ Alliance and RPL Transport, which it bought in ...
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MT ArticleCalais and currency troubles almost halve Brian Yeardley's pre-tax profit
Pre-tax profit at Brian Yeardley fell by nearly 50% in 2016, hit by a combination of migrant problems in Calais, unstable currency exchange rates and fleet investment.The operator’s pre-tax profit for the year was £368,000; down 48% on 2015’s £544,000.The main cause of this, MD Kevin Hopper told MT, was ...
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MT ArticleMaxi Haulage sees profit surge despite 'difficult' environment
Maxi Haulage has delivered one of its largest pre-tax profits in the firm’s history, despite a “difficult and competitive” environment.The Irvine-based haulage company, a subsidiary of Maxi Caledonian, saw pre-tax profit increase from £1.5m in 2015 to £2.3m in the year to 30 September 2016. Turnover rose from £55.9m to ...
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MT Article
DX Group's Exchange business being investigated by the police
DX Group is being investigated by City of London Police, after an allegation was made against its Exchange business on 7 June.In a statement, DX Group confirmed that the City of London Police Economic Crime Directorate had notified the company of the allegation and that a preliminary investigation had commenced.A ...
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MT Article
Contact Transport's business collapsed in just 20 months, according to its administrator
A Birmingham contract haulier that entered administration earlier this year went from a £1m pre-tax profit to a £100,000 loss in just 20 months' trading.Contact Transport was suffering from creditor pressures and had fallen behind with its time to pay arrangement with HMRC when RSM Restructuring Advisory was appointed on ...
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MT ArticleKetra Logistics buys fellow Palletways network member IEFS
Palletways and Ketra LogisticsKetra Logistics has acquired fellow Palletways member IEFS to expand its coverage in London.Ketra MD Martyn Young takes over the Barking-based business from Derek Best, who has retired after more than 20 years at the helm.Young said the two companies will continue to operate independently.The purchase of ...
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MT Article
DX Group and John Menzies Distribution merger leaps past shareholder hurdle
The DX Group and John Menzies Distribution merger could be sealed this summer after both boards approved a revised offer that satisfies objections from a major shareholder.The revised deal, which sees the price of the deal slashed from £60m to £40m, has removed the opposition of major DX shareholder Gatemore ...
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MT Article
Connect Group gets green light for care and education division disposal
Tuffnells owner Connect Group has been given the green light by the Competition and Markets Authority (CMA) to sell its care and education division to education resource provider RM.Connect’s sale of the division to RM for £64.4m, including £56.5m cash and deficit of £7.9m, was announced in February this year. ...
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MT ArticlePerennial Freight goes for 50 hardy SDC curtainside trailers
Perennial Freight has taken delivery of 50 tri-axle euroliner curtainsiders from SDC Trailers. The trailer order, which boosts the firm’s trailer fleet to more than 700, is in response to the growth of the its European business.Perennial Freight, which moves 25,000 full loads a year, operates a fleet of 70 ...
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MT ArticleNisa Retail chooses Transdek double-deck trailers
Transdek has supplied Nisa Retail with 10 wedge double-deck trailers. The trailers, which will be operated by DHL Supply Chain, will run from Nisa’s Scunthorpe DC.Head of logistics at Nisa Retail Lee Vickers said: “We distribute substantial ambient volumes into the South from Scunthorpe and the introduction of Transdek trailers ...
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MT ArticleEuropa Worldwide Group back to profitability after restructure
Europa Worldwide Group smashed through the £100m turnover barrier and returned to profitability in 2016, in a year that saw the group boost its turnover by a fifth. For the year ended 31 December 2016, Europa recorded turnover of £116.4m (2015: £96m).Pre-tax profit also saw a significant jump last year, ...
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MT ArticleKinaxia Logistics snaps up seventh haulier with Maiden's of Telford buy
Kinaxia Logistics has snapped up its seventh haulage firm in just over five years, with Telford-based AJ Maiden & Son, which trades as Maiden's of Telford, joining the fold.It already owns Bay Freight (January 2012), William Kirk (September 2013), NC Cammack & Sons (May 2014), Foulger Transport (March 2015), Lambert ...
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MT ArticleMenzies Distribution snaps up Ireland's EM News Distribution
Logistics and delivery firm Menzies Distribution has strengthened its hold on the Irish market with the purchase of Irish news and magazine wholesaler, EM News Distribution. Under the terms of the £5.46m deal, Menzies Distribution has increased its existing 50% interest in the company to 100%, buying out the remaining ...
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MT Article
Gatemore Capital Management boosts DX shareholding in bid to fight Menzies deal
The DX Group shareholder leading the charge against the company’s proposed acquisition of John Menzies' distribution arm has increased its holding in the company by 10%. Gatemore Capital Management has upped its shareholding in the company from 11% to 21% in a bid to strengthen its position against the proposed ...
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MT ArticleFormer Axis Fleet manager to become MD at Bullwell Trailer Solutions
Former Axis Fleet Management operations director Nigel Bailey is taking on the role of MD at trailer repair and maintenance company Bullwell Trailer Solutions.Bailey (pictured above) is replacing Bullwell Trailer Solutions founder Gary Bulley who is taking up the role of head of engineering innovations at parent company Ryder.Bailey is ...
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MT Article
Clipper Logistics acquires Tesam Distribution for £11m
Clipper Logistics has bought warehouse and distribution business Tesam Distribution for £11m. The Peterborough-based firm operates from three sites in and around the city, with a combined coverage of more than 1.1 million ft². Founded in 1984, it currently employs around 250 people.Clipper said Tesam Distribution's sites are "attractively located ...
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MT Article
Strike action cancelled as Cemex agrees to boost driver wages
Strike action at Cemex has been called off after the company agreed to a package of measures that will increase drivers' annual salary.An ongoing dispute over pay turned into the threat of a 24-hour strike on 26 May after 82 drivers returned an 87% vote in favour of downing tools ...
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MT ArticleGreat Bear Distribution appoints new CEO
Great Bear Distribution has hired a former DHL Tradeteam manager as its new CEO. Alastair Isbister (pictured), who began the role this month, had previously held the position of VP business development and account management at DHL Tradeteam for more than seven years.Alastair IsbisterHe will report directly to Culina Group ...
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MT Article
Royal Mail underperforming in booming parcels market, says expert
Growth in Royal Mail’s parcels division is disappointing in the context of a booming e-commerce market, according to an industry researcher.The comment came after its annual results showed increased business performance at Royal Mail was reliant on its growing overseas division.The operator saw both turnover and volumes for its UK ...
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MT Article
Wincanton targets growth in retail, consumer and construction sectors
Wincanton is confident in its growth prospects for the current financial year, as it begins to see the benefits from the disposal of its records management arm and the termination of loss-making contracts in its Pullman Fleet Services business.Chief executive Adrian Colman told MT the operator was focusing on “good ...