A delay in the publication of a government report into how the logistics industry can navigate its transition to a greener economy is preventing private sector investment, according to Logistics UK. It said the low carbon fuels (LCFs) strategy is now six months late and this, along with concerns over the pace of electric vehicle […]
Logistics tycoon John Lau is suing buyout fund EV Cornerstone, managed by private equity firm EmergeVest, plus MD Heath Zarin, pictured, over its portfolio company EV Cargo’s plans to operate in China. A writ of summons was filed in Hong Kong’s high court on 19 June and outlined demands that Lau’s investment of $45.5m in […]
Transaid has appointed three new trustees to its board and sees it grow to 14 members in its 25th anniversary year. The move follows two earlier appointments in February and March. The three new appointments replaced long-standing trustees who have stepped down and two additional members have been taken on to bolster the board’s skills […]
An electric timber truck being trialled by James Jones & Sons made its first appearance at the Royal Highland Show last week. The 40-tonne artic is being used by the Stirlingshire headquartered haulier out of its sawmill in Lockerbie and will transport timber to its Hangingshaws national distribution centre. Lorna Slater MSP, minister for green […]
A family-owned Stoke-based heavy haulage specialist has bought a 4.35-acre former borehole site in order to transform it into a haulage depot and expand its operations. Potteries Heavy Haulage has taken on the site on the A50 at Meir from Severn Trent Water following a competitive tender process. Michael Edwards, business development manager at Potteries […]
Wincanton has extended its contract with defence engineering firm Rheinmetall BAE Systems Lane (RBSL) that sees it supporting the manufacture of Boxer MIV fighting vehicles for three more years. The contract renewal and expansion means Wincanton will continue delivering warehouse operations at RBSL’s warehouse in Telford, which also involves the upgrade of Challenger 3 vehicles […]
The rise in use of electric scooters is leading to increasing numbers of accidents involving HGVs, with riders largely unaware of the number of blind spots on a lorry – according to digital platform SNAP. It said truck drivers were facing new threats as the number of urban road users soars; two million e-scooters were […]
DX has become the second business to reach an agreement with the administrators of Tuffnells Parcels Express and struck a deal for 15 UK sites previously operated by the delivery firm. It said it had signed an agreement with Interpath Advisory for an initial licence-to-occupy 13 former Tuffnells sites and agreed terms to purchase the […]
Accounting firms KPMG and PwC have been fined over their audits of Eddie Stobart Logistics (ESL) for “not satisfying the relevant requirements”. UK accounting regulator, the Financial Reporting Council (FRC), said there were “numerous, serious and pervasive failings” in PwC’s 2018 audit of ESL and “some serious failings” in KPMG’s 2017 audit. PwC was fined […]
Road Transport Expo 2023 (RTX) opened for business today at NAEC Stoneleigh, with its ‘all about the truck focus’ obvious from the moment visitors entered the site. The award-winning show, now in its second year, provides an ideal platform to bring together fleet operators, manufacturers and industry experts in one vast event. More than 200 […]