Belgium-based Sitra Group has acquired Abbey Logistics for an undisclosed sum, in a move which sees a major consolidation of the food logistics sector. Sitra Group was launched in 1962. It employs approximately 1,150 people across 11 countries including the UK and operates a fleet of 700 owned trucks and over 2,000 trailers and containers, […]
Culina Group companies Fowler Welch and Great Bear Distribution fought against “challenging market conditions” last year to increase both revenue and pre-tax profits. Latest financial results, for the year ending 31 December 2022, showed that chilled food supply chain business Fowler Welch increased turnover by 23% during the period to £201m, from £163m in 2021. […]
Meachers Global Logistics saw both turnover and profit fall last year after additional business activity created by the Covid-19 pandemic lockdowns fell away. Its latest annual results for the year to 31 May 2023 show a 17.1% fall in turnover to £45.8m (2022: £55.3m) while pre-tax profit came in at £4.5m, down from £5m in […]
Latest figures from Pallet-Track showed that the network made a pre-tax profit of £4.7m last year, down from almost £7m in 2021. Revenues also slipped by £2.3m to £132m from almost £134m the year before. However, Pallet-Track said its hub revenues grew by 3% during the period, primarily due to an increase in hub transshipment […]
A £200m programme to roll out 370 zero emission trucks and 57 refuelling and electric charging sites across the country has been launched by the government today (19 October). The demonstrator programme will involve a number of major fleet operators, including Menzies Distribution, Eddie Stobart, and Royal Mail, with manufacturers DAF, Volvo, Renault Trucks, and […]
Electric truck manufacturer Volta Trucks has filed for bankruptcy in Sweden and is set to file for administration in England, after its production targets were hit by the demise of its battery supplier Proterra, which hampered its ability to raise funds. The move sees 850 jobs under threat, of which 600 are in the UK, […]
Humber-based haulier Mark Stewart Limited is in the process of calling in the administrators, the company told MT today (17 October). The family firm, which is based in North Killingholme, has posted a notice to appoint administrators. The applicant behind the move is Bibby Financial Services, which holds a charge over the company. A spokesman […]
DX Group has reopened a further 10 of the 15 former Tuffnells Parcels Express depots that it took over from the Tuffnells’ administrator in June this year. These latest reopenings take the total number of depots brought back into operation to date to 12, with all 10 depots in this latest tranche serving the group’s […]
The boss of a scaffolding firm that won a legal case after refusing to pay LEZ fines is now crowdfunding to assemble a legal team and prove that the ULEZ is unlawful. Noel Willcox, MD at Elevation Access, took Transport for London (TfL) to an appeal tribunal, which found that the LEZ signs provided no […]
Air freight delivery firm Circle Express has been sold by TVS Supply Chain Solutions subsidiary Rico Logistics to Indian behemoth Winever Industrial Enterprises (UK) for £2.1m Announcing the sale TVS Supply Chain Solutions, which is another Indian powerhouse, said Circle Express had “very little synergy” with its core activities. The acquisition comes as Circle Express […]