News

DX CEO and finance director step down

DX Group’s CEO Petar Cvetkovic, and finance director Daljit Basi are to step down from the company and board, taking place with immediate effect. This comes as DX Group reports that the net debt at the end of what the company described as an “exceptionally challenging...

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Eddie Stobart buys half of Speedy Freight

  Eddie Stobart has bought a 50 per cent interest in Speedy Freight, a B2B express freight services company. The acquisition of Puro Ventures Limited, trading as Speedy Freight, complements the company’s service offering to customers in e-commerce and the MIB...

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Planners give go-ahead for a 1.9m sq ft underground warehouse

Planners have given the go-ahead for a 1.9m sq ft underground warehouse at Hounslow’s 110 acre site at Rectory Farm, despite a last-minute intervention by Transport for London. The innovative plan was approved by Hounslow planners at a meeting last night. However, a...

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M6 toll good news for freight, says FTA

The announcement by M6 toll operator Midland Expressway that goods vehicles are exempt from a planned price increase when using the road is good news for freight, according to the FTA. The weekday toll charge on the M6 will increase by 40p for cars from 7 August....

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Fuel bills face £600m hike due to low tyre pressures

Company car and van drivers, and private motorists, could be spending up to £600m on unnecessary fuel bills because of low tyre pressures, research from TyreSafe suggests. As many as 57% of car and van tyres on the roads are being driven below recommended inflation...

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More investment needed for road network

The FTA has praised the Government’s new transport investment plan but said more investment is needed to upgrade the road network. The government policy dedicates funds raised through Vehicle Excise Duty (VED) to road improvements. The FTA said that the funds can be...

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