Still Materials Handling has signed a new finance agreement with Capital Asset Finance, a subsidiary company of De Lage Landen Leasing (DLL). The new partnership enables Still to offer extremely competitive contract hire and hire purchase solutions for customers acquiring both its new and used equipment. The new deal will also help Still to introduce the innovative new concept of BasicDynamic to the UK market. BasicDynamic is a rental contract for medium- or long-term truck users and offers a direct link between truck usage and costs – customers only pay for actual operating hours. The monthly rate consists of a low basic rate and a flexible dynamic rate based on a rate per operating hour.
UPS is buying Menlo Worldwide Forwarding, a subsidiary of CNF, for £80.6M ($150M) in cash and the assumption of approximately £59.1M ($110M) in long-term debt. Menlo Worldwide Forwarding is a global freight forwarder providing a full suite of heavy air freight forwarding services, ocean services and international trade management, including customs brokerage. The acquisition reinforces UPS’ strategy of providing broad supply chain solutions to enable global commerce.