Auologic to acquire,40%of CAT from Renault in consortium with Wallenius Lines and TNT with Renault retaining a 20% stake – cost £47.6m. Also to buy substantially all of Axial from Tibbett & Britten for £74.5m – £59.5m in cash balnce in new Autologic shares. To be financed by Rights Issue of 1 for 2 at £4/share to raise £51m.
Read MoreGermany’s Stinnes and Frans Maas of the Netherlands are the latest European road transport companies to report higher revenues and earnings on the back on a global logistics boom.
Read MoreExel, the UK logistics group, is to acquire FX Coughlin of the US, which supplies logistics and freight forwarding services to the automotive industry, for up to USD331m (GBP227m).
Read MorePresentation at HD2001 by Alberto Rouco, Thermo King
Solutions for delivering frozen/chilled and non-chilled goods in same vehicle
Not many companies have the nerve to “reinvent” themselves, but TDG, following poor performances in the late ’90s has done just that. Andrew Brown hears from TDG’s managing director David Garman about the company’s new direction
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