Eddie Stobart rescue plan approved

Shareholders of troubled logistics operator Eddie Stobart have approved a plan by major shareholder, DBay Advisors, it to £55m through high-interest bonds. DBay will take control of the company, increasing its stake to 51%. Eddie Stobart chief executive Alex Laffey stood down in the summer following an accounting error that overstated profits by £2 million, leading to a collapse in its share price. [+]

New tunnel unlocks Suez port potential

Road access to the Suez Canal Container Terminal (SCCT) has been radically improved with the opening of the 3rd July tunnel, also referred to as Port Said tunnel, under the Suez Canal, says APM Terminals. It follows the opening of the Ismailia tunnel earlier this year ... [+]

First of many for Freightliner and Pentalver

Freightliner and Pentalver, now part of Genesee & Wyoming (G&W), have taken delivery of the first six trucks of a 100-vehicle replacement project at Freightliner's Coatbridge terminal. The six DAF CF450 tractor units meet G&W’s standardised safety specifications, including front and side safety cameras, internal driver ... [+]

TAPA calls for unity over truck parking standards

Transported Asset Protection Association (TAPA) president and chief executive Thorsten Neumann is urging the European Commission to aligns its new EU Safe and Secure Truck Parking Areas (SSTPA) Standard with its own Parking Security Requirements (PSR). TAPA says that aligning its own Parking Security Requirements (PSR) ... [+]

Brussels appoints new transport commissioner

Adina-Ioana Vălean has been appointed as the new European Transport Commissioner. A Romanian national, she is a long-time Member of the European Parliament and current Chair of the Committee on Industry, Research and Energy.   [+]

New CSR director for Getlink

Eurotunnel operator Getlink has appointed Sandrine Prieur as corporate social responsibility director. She was most recently deputy director of environmental and sustainable development at Paris airport operator Groupe ADP.   [+]

Pall-Ex sale completed

Pall-Ex Group has completed the sale of its UK network to its membership and senior management team. RUN DMC Investments, a company created by Pall-Ex founder members Dave Fairbrother, Maggie Larimore and Craig Stevens funded the initial membership part of the acquisition, which makes it ... [+]

New trucks all round for Davies Turner

UK independent freight forwarder Davies Turner is to completely renew its domestic distribution vehicle fleet. The new trucks include 7.5, 12 and 18-tonners, contract-hired for greater flexibility over future renewal options without tying up capital in depreciating assets. All the new vehicles carry Davies Turner's ... [+]

Tunnelling from Wales to Germany

Recent work by outsize cargo specialist Abnormal Load Services has included a project to move a tunnel boring machine and its accessories from Bleddfa in Wales to Germany (main picture). The machine had completed the Knighton tunnel for Severn Trent, allowing it to divert water ... [+]

Multimodal expert for FTA

FTA has appointed Zoe McLernon to the new role of multimodal policy manager. She will join FTA’s 17-strong policy team to speak on behalf of its multimodal members to stakeholders and government and to ensure their interests are represented and their views heard and acted upon. [+]