Logistics on the continent may be about to experience significant disruption. Scania – manufacturer of heavy commercial vehicles – announced this week that it is launching its first fully electric truck range to keen buyers in the industry. The new vehicles are available in 165 and 300 kWh varieties and will offer 250 miles of […]
Here are the main points addressed in this study (download it here) Coface does not expect the sector to recover to fourth quarter 2019 level before 2022. In Coface’s central scenario, the turnover of listed companies of the global transport sector will be 32% lower in the 4th quarter 2020 and 5% lower in the […]
Bibby Financial Services (BFS) has provided a £9m Group funding facility to support the re-finance of Currie European Transport Ltd, a transport and storage solutions group made up of 7 trading companies across Scotland, England, the Netherlands and France. The group, which is headquartered in Dumfries, Scotland, is using the funding to support an ambitious […]
Trucking businesses continue to be a profitable venture in the country today. According to statistics, almost 78% of all freight in the country is carried by trucks. However, just because many trucking companies are successful doesn’t mean that they don’t come with challenges. Maintaining a stable cash flow remains to be one of the greatest […]
Colchester based business Pallet Plus, which collects and delivers palletised freight and goods in the UK, Ireland and Europe, has agreed a working capital overdraft facility with Santander UK and the government’s Coronavirus Business Interruption Loan Scheme (CBILS) to support the business during the coronavirus pandemic. The company, which is a member of The nationwide […]
The owner of a vehicle rescue and recovery firm says the business he built up from a single truck to a fleet of 75 was facing the end of the road when the coronavirus outbreak hit, but its future is now secure thanks to support from Lloyds Bank. Bud Rescue & Recovery provides a 24-hour […]
The Chartered Institute of Logistics and Transport (CILT) has set up a database for organisations in urgent need of supply chain resources, to ensure the UK is able to respond to the coronavirus crisis. The database has been made up from information provided by industry, following CILT’s call to action for cross sector collaboration, to […]
British car manufacturing fell -0.8% in February, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). Some 122,171 vehicles rolled off production lines in the month, representing a loss of just over 1,000 units compared with February 2019. The decline was driven by slower demand in some key global export […]
