LPR wins contract with St Merryn Foods
Recently established UK pallet pool LPR has secured its first major contract with fresh food group St Merryn Food.
Read MoreTag: Road Transport
Mearchers Group win contract with P&O
Meachers Group has won a five-year warehousing and freight forwarding contract from P&O Cruises to provide 1,200sq metres of purpose-built storage and manage a complete service from supply of passenger amenity packs to container shipments.
Read MoreLDV lands £4M order at Business Express
LDV, the Birmingham-based specialist van manufacturer, has landed a major order worth pounds 4 million from national parcel company Business Express, it was confirmed yesterday.
Based at Drews Lane, it will supply Business Express with 200 3.5 tonne Convoy hi-loaders, boosting the parcel firm’s carrying capacity.
LDV has worked closely with Business Express for a number of years, formerly supplying the company with its Pilot range of vans.
However, a huge increase in Business Express’ third-party business has resulted in greater volumes of parcels being carried.
The company has a nationwide network of 33 depots, stretching from Lands End to the highlands of Scotland. It currently operates a 2,000-strong delivery fleet with 4,000 personnel, providing a home delivery service to its parent company, Littlewoods Retail Group.
Consolidated Freightways Fall Good for Others
The collapse of Consolidated Freightways gives other struggling trucking companies an opportunity to gain market share and raise prices at a time of soft demand.
Shares of several large rivals made double-digit percentage gains as investors bet they would pick up much of the business left behind by Vancouver, Wash.-based Consolidated, which abruptly shut down Tuesday.
“This is a sea change for our industry,” said Bill Zollars, chief executive of Overland Park, Kan.-based Yellow Corp.
Yellow is among the biggest players now vying for business once belonging to Consolidated, which had $2 billion in revenue in 2001 and controlled about 15 percent of the domestic long-haul market.
Consolidated Freightways to Close, Cut 15,500 Jobs
Consolidated Freightways Corp., the third-biggest U.S. trucker, said it’s shutting down operations and plans to file for Chapter 11 bankruptcy tomorrow, resulting in the loss of about 15,500 jobs.
More than 80 percent of those workers will be fired immediately, and the remainder will be “phased out,” the company said in a statement distributed by Business Wire.
Consolidated Freightways, which has had losses for seven straight quarters, named management consultant John Brincko Chief Executive Officer in May, replacing Patrick Blake. Consolidated lost $104.3 million last year, while larger rivals Yellow Corp. and Roadway Corp. were profitable.
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