Business
Equipment sharing agreements between different freight companies can make for efficient use of resources but could lead to liability issues if appropriate cover is not in place, warns insurer TT Club. In a new paper, ‘Risk Byte: Good neighbour agreements, the first in a series of advice documents says that such arrangements are not always formally outlined in well-defined contracts.
“In such circumstances the casual nature of the arrangement, though often ...
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DSV reported gross profit down 15.1% and EBIT earnings by 30.6% in the first nine months of 2023, which the Danish-headquartered forwarding and logistics company described as “solid results” given the challenging market conditions and record earnings achieved last year. The Air & Sea division saw ...
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Danish owned forwarder and logistics company DSV has signed a US$10 billion joint venture with the Neom project, builders of a new mega-city in Saudi Arabia.
It will focus on providing logistics services for Neom in the coming years, providing supply chain management, development and investment ...
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As part of its ‘Decade of Growth’ celebrations Europa Worldwide Group has launched a short animation celebrating its achievements over the past 10 years, since its acquisition by transport entrepreneur, Andrew Baxter.
Andrew acquired Europa in August 2013, when the company employed just 400 people across ...
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Scottish logistics firm Bullet Express has been acquired in a private equity backed management buyout (MBO) led by the company’s managing director, John McKail.
The MBO is backed by equity partners, Panoramic Growth Equity and Maven Capital Partners. Maven’s partner, London-based Emerald Capital, will support ongoing ...
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The budget announced by Minister for Finance Michael McGrath on 10 October offers very little for the freight distribution and logistics sector, says FTA Ireland (FTAI).
Chief executive Aidan Flynn, said: “In Ireland a large percentage of fuel price is made up of taxes and excise ...
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The Trader Support Service for goods moving between Great Britain and Northern Ireland has been extended until December 2024. Support for businesses will remain in place while Windsor Framework measures are introduced, said the Government. It adds that thousands of businesses have now registered with ...
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Logistics UK delegates urged the Welsh government to provide a clear future plan for the industry at a roundtable attended by Welsh Deputy Minister for Climate Change, Lee Waters.
At the event, hosted at Owens Group’s facility in Cardiff Bay, members and industry leaders discussed the ...
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The Department for Business and Trade said that the first ever fully digitalised goods shipment was sent from Burnley to Singapore on 24 September.
A valve produced by Burnley-based manufacturer Fort Vale was despatched from Manchester Airport, facilitated by UK and Singapore based tech company LogChain, ...
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The management of Dublin-based Toga Freight have completed a buyout and acquired the full shareholding of the forwarder from co-founder and majority shareholder, Martin Gately.
Toga Freight Services was founded in 1978 by the later Peter Toner and Martin Gately (hence the name ‘To-Ga’) and since ...
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