All Operator news articles – Page 345
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MT Article
Hargreaves completes fund raising exercise
Bulk logistics and solid fuels supplier Hargreaves Services has confirmed the issue of a second tranche of a new shares worth £21.15m, following shareholder approval at a meeting on 7 May.The 2.73m new shares, due to be released onto the market immediately, bring to fruition its plan to raise over ...
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MT Article
TNT Post to extend end-to-end delivery operation in London
TNT Post has begun extending its end-to-end service in London and is seeking investors to fund the roll-out of the offer across the UK.Parent company PostNL revealed that the operator is in the process of expanding its ‘final mile’ service into south west London, following successful pilot in west London.The ...
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MT Article
City Link must improve account management to return to profit
City Link will need to improve account management and customer service if it is to become profitable again, analysts said, following its sale to private equity investor Better Capital.Experts said the carrier has a better chance of completing its turnaround programme without pressure from former parent Rentokil Initial after suffering ...
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MT Article
Loss of contract affects Howard Tenens profit and turnover
Howard Tenens Storage & Distribution saw a 20% drop in pre-tax profit last year after it lost customers at two of its depots.The Gloucester-based operator's financial results for the year ended 30 September 2012 revealed that it had lost business at its depots in Andover, Hampshire and Boston, Lincolnshire.However, the ...
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MT ArticleFuel trial spurs Malcolm Group to buy 40 new tractive units
Linwood, Renfrewshire logistics firm the Malcolm Group has taken delivery of 40 Volvo FM11 tractive units, following a fuel trial in which it achieved over 9mpg.The Euro-5 Globetrotter-cabbed tractor units, all 6x2s with the 450hp D11C engine and Volvo’s I-Shift automated gearbox, were supplied by Volvo Truck & Bus Centre ...
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MT ArticleKnights of Old buys A.E. Parker
Knights of Old has acquired Chichester-based A.E. Parker Warehousing and Distribution in a deal that creates a haulier with 500 staff, 200 trucks, 225 trailers and 300,000ft² of warehousing.Pall-Ex and fellow Partnerlink member A.E Parker, which will continue to trade under its own name, is a family-owned haulage and storage ...
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MT ArticleARR Craib looks to rental to ride out peaks and troughs
Aberdeen transport and logistics provider ARR Craib has taken delivery of 15 new Iveco Stralis 6x2s and 45 SDC triaxle curtainsided and platform skeletal trailers in a long-term rental deal with Ryder. ARR Craib MD Eddie Anderson said the use of long-term rental enabled the company, which operates more than ...
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MT ArticleYearsley trials urban semi-trailers
Heywood, Lancashire based logistics service provider Yearsley Group has taken delivery of two urban semi-trailers for controlled temperature operations that it says will help ease deliveries into urban environments and reduce its carbon footprint. The new trailers – one of which is from Gray & Adams and the other from ...
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MT ArticlePremier Logistics looks to double in size
Leicester-based Premier Logistics has opened its own repair and maintenance facility, as part of its growth strategy.The £60,000 facility has been constructed at the Pall-Ex member's headquarters on the Meridian Business Park. It opened late last month and provides MOTs, pre-test inspections and servicing. It will handle both ...
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MT Article
DSV Road Q1 turnover and EBITDA affected by fierce competition
DSV has blamed a first quarter dip in turnover and EBITDA in its road division on “fierce competition” and a reduction in average consignment size.Although the operator said costs declined as a result of “capacity adjustments” in 2012, EBITDA fell 8.9% to DKK 234m (£26.6m), compared to DKK 257m (£29.2m) ...
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MT Article
Government plans sale of Royal Mail shares this financial year
The government hopes to give Royal Mail access to the capital it needs to move on its privatisation plans this financial year, business minister Michael Fallon has said.Fallon said that selling shares in the company will give Royal Mail future access to the finance it needs, but it does not ...
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MT Article
TNT sees 26% drop in first quarter EMEA profit
TNT Express has said it hopes to see a “positive impact” from its profit improvement plan in the second half of 2013, after reporting a 26% drop in first quarter EMEA (Europe, Middle East and Africa) operating profit.Financial results for the three months ended 31 March reveal that EMEA operating ...
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MT Article
City Link cut losses by a third ahead of sale to Better Capital
City Link cut its first quarter losses by more than a third but remained loss-making ahead of its sale to turnaround investor Better Capital.The parcel carrier cut its first quarter adjusted operating loss by 36% to £8.1m (2012: £12.7m) during the first three months of 2013.Former parent Rentokil Initial’s first ...
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MT Article
Rentokil Initial sells City Link
Rentokil Initial has sold City Link to turnaround investment firm Better Capital.City Link MD Dave Smith will continue to lead the company through its transformation programme, under the deal, which will see Better Capital invest in the parcel carrier.The change of ownership, which is effective as of today (29 April), ...
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MT Article
Deben Transport acquires Elite Transport Services
Felixstowe-based container haulier Deben Transport has acquired fellow container specialist Elite Transport Services out of administration.Elite Transport Services has been trading under terms of a company voluntary arrangement (CVA) however administrators BDO said that they were appointed earlier this month after the loss of a major customer at the struggling ...
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MT Article
DSV Road launches daily pallet service after a satisfactory 2012
DSV Road MD René Falch Olesen said that the economy in 2012 had affected the firm’s profit in what was a “satisfactory” year for the operator.Financial results for the year ended 31 December 2012, which were published earlier this month, showed that turnover was down 3.2% to £179.3m (2011: £185.4m), ...
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MT Article
Expect Distribution to focus on contract logistics and warehouse consolidation
Expect Distribution is hoping to expand its contract logistics business and consolidate its three West Yorkshire sites this year, as it celebrates its 25 year anniversary.Operations director Neil Rushworth told Motortransport.co.uk that it wants to expand its contract logistics business and target larger customers, whilst being more selective about the ...
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MT ArticleHicks Logistics becomes a Fortec member
Hicks Logistics has joined FortecHicks Logistics has joined the Fortec pallet network covering parts of the Bristol postcode.The Caldicot, Monmouthshire firm, is sharing the postcode area with existing Fortec member Arthur Spriggs & Sons, with the intention of enhancing the network’s offer in that region.Terry Hicks, MD of the firm ...
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MT Article
TDG acquisition helped boost ND Logistics turnover by 55%
A 55% rise in turnover at Norbert Dentressangle’s UK group company Norbert Dentressangle Logistics was achieved last year as a result of cost reductions, new business and the first full year’s effect of the acquisition of TDG in October 2011. ND Logistics’ turnover rose from £413.7m to £640.2m during the ...
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MT Article
John G Russell unaffected by chill wind at Icetech
Transport and logistics operations at The Russell Group have not been affected by recent financial problems at group company Icetech Freezers, the firm has stated. Finance director Ken Macleod told Motortransport.co.uk that problems at Icetech, which went into provisional liquidation on 22 April, would not have any major effect on the ...