Logistics Manager Magazine https://www.logisticsmanager.com Pan-sector news, insight and analysis for logistics practitioners and supply chain strategists Fri, 15 Nov 2019 16:15:01 +0000 en-GB hourly 1 https://wordpress.org/?v=5.3 Wincanton calls for full financial disclosure as Stobart recommends DBAY bid https://www.logisticsmanager.com/wincanton-calls-for-full-financial-disclosure-as-stobart-recommends-dbay-bid/ https://www.logisticsmanager.com/wincanton-calls-for-full-financial-disclosure-as-stobart-recommends-dbay-bid/#respond Fri, 15 Nov 2019 16:15:01 +0000 https://www.logisticsmanager.com/?p=40426 Wincanton has urged shareholders in Eddie Stobart Logistics to “take no immediate action” on a proposal from DouglasBay Capital (DBAY) – after Eddie Stobart said it had entered a conditional sale and purchase agreement for a 51 per cent stake in the company. The 3PL also said that Eddie Stobart owed it to all stakeholders […]

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Wincanton has urged shareholders in Eddie Stobart Logistics to “take no immediate action” on a proposal from DouglasBay Capital (DBAY) – after Eddie Stobart said it had entered a conditional sale and purchase agreement for a 51 per cent stake in the company.

The 3PL also said that Eddie Stobart owed it to all stakeholders to “prioritise urgent financial disclosure by its auditor to enable an informed decision on the value of any possible transaction”.

Earlier today (15 November) Eddie Stobart chief executive Sébastien Desreumaux said of the offer by DBAY, which also includes a £55 million of new financing through a payment-in-kind (PIK) facility, would provide Eddie Stobart with the opportunity to “move forward and look to deliver sustainable growth and profitability from a stable footing”.

Desreumaux said: “We are undertaking a thorough review of the operations and, whilst this has highlighted a number of short-to-medium term challenges which the team and I are working determinedly to resolve, it has also reaffirmed my view that the company, and its extensive operational capabilities and unique network, is anchored by strong underlying fundamentals with significant potential for the future.

“During the course of the year we have secured a number of customer wins and extensions, and in particular I am pleased to announce that our contract with Tesco has recently been renewed for a further 12 months up to March 2021.”

However, Wincanton said that there is “still no visibility on when Eddie Stobart’s auditor’s review may be complete and in the absence of such information Wincanton believes neither it, nor Eddie Stobart’s shareholders, can make an informed decision on the value of any possible transaction”.

In a statement to investors Wincanton said it was confident that any potential proposal made by the company to the board of Eddie Stobart would be attractive to all of Wincanton and Eddie Stobart’s stakeholders and that a combination of the two businesses would be more compelling to Eddie Stobart shareholders than the proposal announced by Eddie Stobart and DBAY.

As such, it said, Wincanton urges Eddie Stobart’s shareholders to take no immediate action in relation to the DBAY proposal, and requests that Eddie Stobart and its auditor prioritise the release of critical financial disclosure.

It also said that there can be no certainty any offer will be made by Wincanton, nor as to the terms of any such offer, and a further update will be provided in due course.

It has until 5pm on 27 November to make an offer or withdraw its interest.

Trading in Stobart shares were suspended in August.

By Christopher Walton

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Puma chooses Indigo WMS for new distribution centre https://www.logisticsmanager.com/puma-chooses-indigo-wms-for-new-distribution-centre/ https://www.logisticsmanager.com/puma-chooses-indigo-wms-for-new-distribution-centre/#respond Fri, 15 Nov 2019 15:44:53 +0000 https://www.logisticsmanager.com/?p=40417 Indigo Software has won a contract to implement a warehouse management system for Puma at its new 261,000 sq ft distribution centre in West Yorkshire.   Puma’s warehouse will include partial automation features, which will be integrated with the Indigo WMS, including an automated scanning system that records all inbound items once they arrive, before […]

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Indigo Software has won a contract to implement a warehouse management system for Puma at its new 261,000 sq ft distribution centre in West Yorkshire.  

Puma’s warehouse will include partial automation features, which will be integrated with the Indigo WMS, including an automated scanning system that records all inbound items once they arrive, before they are labelled and assigned to the correct location and moved. Stock items will be transported by automated conveyor to the labelling area, where a unique identifier will be added to each unit, specifying the SKU, volume and putaway location.

Puma will also trial voice picking, as it looks to improve turnaround times on fast track replenishment orders for its most popular lines.

Darren Schofield, head of operations UKIB at Puma, said: “We carefully reviewed our processes and considered a range of technology options, deciding that Indigo WMS was the best fit for Puma’s long-term growth requirements and complemented our existing ERP system.”

Colin Hough, director of client sales EMEA and Americas at Indigo Software, said: “Puma’s new distribution centre is going to open up a new world of paperless warehouse efficiency, with fully integrated, semi-automated operations offering a full audit trail and the accountability to support many business improvements”.

By Michelle Mooney

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Logistics growth ups profit at Maersk https://www.logisticsmanager.com/logistics-growth-ups-profit-at-maersk/ https://www.logisticsmanager.com/logistics-growth-ups-profit-at-maersk/#respond Fri, 15 Nov 2019 15:24:08 +0000 https://www.logisticsmanager.com/?p=40419 A.P. Moller – Maersk increased EBITDA by 14 per cent in its third quarter, driven by growth in its logistics and services division. Turnover at the global shipping giant fell 0.9 per cent to US$10.1 billion (£7.8 billion), while EBITDA increased to US$1.7 billion. EBITDA in logistics and services was up 34 per cent to […]

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A.P. Moller – Maersk increased EBITDA by 14 per cent in its third quarter, driven by growth in its logistics and services division.

Turnover at the global shipping giant fell 0.9 per cent to US$10.1 billion (£7.8 billion), while EBITDA increased to US$1.7 billion.

EBITDA in logistics and services was up 34 per cent to US$94 million. It said the increase in profitability was due to higher activities in intermodal and warehousing and distribution but had been partly offset by lower turnover in air and sea freight forwarding.

Chief executive Søren Skou said: “While the global container demand, as expected, was lower in Q3 due to weaker growth in the global economy, we continued to improve our operating results.

“We are making progress across multiple fronts including our digital transformation and growth in our land-based logistics products and terminals business,” he added.

By Christopher Walton

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‘Right conditions’ needed for low-emission HGV investment https://www.logisticsmanager.com/right-conditions-needed-for-low-emission-hgv-investment/ https://www.logisticsmanager.com/right-conditions-needed-for-low-emission-hgv-investment/#respond Fri, 15 Nov 2019 15:02:39 +0000 https://www.logisticsmanager.com/?p=40414 The SMMT has called for the “right conditions” to give operators confidence to invest in HGV fleets, and particularly in low emission vehicles, after demand fell in the third quarter. Registrations of heavy goods vehicles declined 13.1 per cent in the third quarter of 2019, compared to Q3 2018 – according to the SMMT – […]

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The SMMT has called for the “right conditions” to give operators confidence to invest in HGV fleets, and particularly in low emission vehicles, after demand fell in the third quarter.

Registrations of heavy goods vehicles declined 13.1 per cent in the third quarter of 2019, compared to Q3 2018 – according to the SMMT – as HGV operators pulled purchases forward into the first half of the year following the introduction of smart tachographs in June.

Some 8,557 HGVs (above 6 tonnes gross vehicle weight) were registered between July and September, with demand for rigid HGVs falling by a fifth (20.5 per cent) compared to Q3 2018. Registrations of artics fell 4.7 per cent, with artics accounting for 48 per cent of the market.

SMMT chief executive Mike Hawes said, “Given the rush to register new trucks before the introduction of new regulations in June, the slowdown in quarter three was anticipated, and we expect to see the market to continue to rebalance in final part of the year.

“To curtail further losses, however, and to get more of these high-tech low emission vehicles on our roads, we need the right conditions to give operators confidence to continue to invest in their fleets.”

In Q1 – Q3 total registrations stood at 36,021, up 18.8 per cent year-on-year. Rigid registrations are up 16.2 per cent in the same period, with artic registrations up 22.4 per cent.

By Christopher Walton

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SFCE extends supply chain contract with Geodis https://www.logisticsmanager.com/sfce-extends-supply-chain-contract-with-geodis/ https://www.logisticsmanager.com/sfce-extends-supply-chain-contract-with-geodis/#respond Thu, 14 Nov 2019 16:38:04 +0000 https://www.logisticsmanager.com/?p=40404 Slip-resistant shoe company Shoes For Crews Europe (SFCE) has renewed its contract with Geodis to manage its entire supply chain. Geodis will manage incoming orders and the delivery of products across Europe on behalf of SFCE. The contract is the third multi-year contract awarded by SFCE to Geodis since 2012, with volumes increasing by 50 […]

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Slip-resistant shoe company Shoes For Crews Europe (SFCE) has renewed its contract with Geodis to manage its entire supply chain.

Geodis will manage incoming orders and the delivery of products across Europe on behalf of SFCE.

The contract is the third multi-year contract awarded by SFCE to Geodis since 2012, with volumes increasing by 50 per cent since 2015.

Geodis said it would implement a new Track & Trace tool for SFCE in “the coming months”.

Mark van den Assem, MD at GEODIS Netherlands, said: “Innovation and continuous improvement will remain the focus of our collaboration in the coming years”.

By Michelle Mooney

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Pladis appoints chief supply chain officer https://www.logisticsmanager.com/pladis-appoints-chief-supply-chain-officer/ https://www.logisticsmanager.com/pladis-appoints-chief-supply-chain-officer/#respond Thu, 14 Nov 2019 16:06:02 +0000 https://www.logisticsmanager.com/?p=40394 Pladis, which includes brands such as McVitie’s and Godiva, has appointed Mario Reis as its chief supply chain officer, who will be responsible for leading its global supply chain agenda.  Salman Amin, chief executive of Pladis, said: “[Mario’s] vast experience leading the end-to-end supply chain in large, global businesses means he will be a great […]

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Pladis, which includes brands such as McVitie’s and Godiva, has appointed Mario Reis as its chief supply chain officer, who will be responsible for leading its global supply chain agenda. 

Salman Amin, chief executive of Pladis, said: “[Mario’s] vast experience leading the end-to-end supply chain in large, global businesses means he will be a great asset to our team as we build on our excellence across our markets.”

Reis has more than thirty years of supply chain experience, joining Pladis from beauty company Coty, home of brands such as Max Factor, Wella and Hugo Boss, where he was the chief global supply chain officer. He has also held senior positions with Danone and Mars.

By Michelle Mooney

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First time industrial developer snaps up Golden Triangle site https://www.logisticsmanager.com/first-time-industrial-developer-snaps-up-golden-triangle-site/ https://www.logisticsmanager.com/first-time-industrial-developer-snaps-up-golden-triangle-site/#respond Thu, 14 Nov 2019 15:02:31 +0000 https://www.logisticsmanager.com/?p=40389 A 37-acre site at Milton Ham in Northamptonshire has been sold to private investment and development manager FirethornTrust for a rumoured £14 million. The site, just off Junction 15a of the M1 motorway and adjacent to Prologis’ Pineham Park was formerly owned by Travis Perkins, and has detailed planning permission for a three-unit scheme totalling […]

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A 37-acre site at Milton Ham in Northamptonshire has been sold to private investment and development manager FirethornTrust for a rumoured £14 million.

The site, just off Junction 15a of the M1 motorway and adjacent to Prologis’ Pineham Park was formerly owned by Travis Perkins, and has detailed planning permission for a three-unit scheme totalling almost 325,000 sq ft – a standalone unit of 219,689 sq ft with 206 car spaces and 25 dock-level doors while units two and three would have 52,600 and 105,200 sq ft respectively with 59 and 55 car spaces.

FirethornTrust plans to develop out the scheme speculatively and will start on site in early 2020 with a view to delivering the first units by H1 2021.

Peter Mather, partner at FirethornTrust, said: “This deal represents a perfect maiden acquisition in the industrial sector as we look to grow our exposure to it in the future. The site will allow us to bring forward an institutional grade logistics scheme in a prime UK location.

“Despite the many headwinds in the economy we believe there are pockets of value and growth remaining in logistics – underpinned by continued occupier demand and a shortage of suitable stock.

“Equally importantly, we believe this deal demonstrates our appetite and ability to act quickly and decisively in a market paralysed by Brexit-induced indecision.”

Originally the site had a guide price of some £18 million

FirethornTrust was advised by DTRE, while the vendor, Travis Perkins, was represented by Chadwick McRae and Knight Frank.

By Liza Helps

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Doncaster Council gives go ahead for major logistics park and advanced manufacturing hub https://www.logisticsmanager.com/doncaster-council-gives-go-ahead-for-major-logistics-park-and-advanced-manufacturing-hub/ https://www.logisticsmanager.com/doncaster-council-gives-go-ahead-for-major-logistics-park-and-advanced-manufacturing-hub/#respond Thu, 14 Nov 2019 14:01:44 +0000 https://www.logisticsmanager.com/?p=40391 Doncaster Council has approved plans for a 3.5 million sq ft advanced manufacturing and logistics development located at Doncaster Sheffield Airport, (DSA). DSA is one of the largest strategic development zones in the Yorkshire region, owned and managed by regeneration business, Peel L&P. The approval is subject to a S106 agreement and finalising Highways conditions. […]

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Doncaster Council has approved plans for a 3.5 million sq ft advanced manufacturing and logistics development located at Doncaster Sheffield Airport, (DSA).

DSA is one of the largest strategic development zones in the Yorkshire region, owned and managed by regeneration business, Peel L&P.

The approval is subject to a S106 agreement and finalising Highways conditions. The scheme will create around 4,300 jobs and deliver up to 3.5 million sq ft of high-quality, state-of-the-art advanced manufacturing and logistics floorspace.

The DSA location is already highly accessible by road and air and will become even more accessible under plans to deliver rail connectivity with a direct connection to and from the nearby East Coast Mainline, bringing a passenger station, together with a rail freight terminal immediately adjacent to the site manufacturing and logistics site.

Gareth Finch, planning director for investment property and airports at Peel L&P, said: “This decision from Doncaster Council is crucial as the development will unlock delivery of an innovation cluster alongside strategic logistics facilities. We’re pleased to see this support for our vision to create a truly multi-modal location, bringing substantial numbers of permanent jobs in high value sectors adding significantly to Sheffield City Region’s economic productivity.”

The proposed development platforms will allow floorplates of any size up to well in excess of a million square feet.

Retained agents on the development are Colliers, JLL and CPP.

By Liza Helps

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Mega shed gets planning permission https://www.logisticsmanager.com/mega-shed-gets-planning-permission/ https://www.logisticsmanager.com/mega-shed-gets-planning-permission/#respond Thu, 14 Nov 2019 12:51:16 +0000 https://www.logisticsmanager.com/?p=40387 Trebor Developments and partner, Hillwood have secured planning permission for 409,000 sq ft warehouse in Doncaster Known as Gateway4, as it is just off Junction 4 of the M18 motorway, the facility will be developed speculatively. The parternsrship agreed terms with Lazarus Properties to purchase the 27 acre site earlier this year and following the […]

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Trebor Developments and partner, Hillwood have secured planning permission for 409,000 sq ft warehouse in Doncaster

Known as Gateway4, as it is just off Junction 4 of the M18 motorway, the facility will be developed speculatively.

The parternsrship agreed terms with Lazarus Properties to purchase the 27 acre site earlier this year and following the consent of planning, work on site will commence in the New Year, allowing occupation of the building in Quarter 3, 2020.

The building will have 38 loading doors, up to 55m yards and extensive lorry parking facilities for up to 83 HGVs.  The building will have a 1MVA power supply, which could be increased to meet occupier requirements.

Trebor/Hillwood are represented by agents Knight Frank in Sheffield and London, CBRE and CPP.

By Liza Helps

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56,000 sq ft double deal at Logic Leeds https://www.logisticsmanager.com/double-deal-at-logic-leeds/ https://www.logisticsmanager.com/double-deal-at-logic-leeds/#respond Thu, 14 Nov 2019 12:44:37 +0000 https://www.logisticsmanager.com/?p=40385 Muse Developments has pre-sold two further units, totalling 56,000 sq ft, at its flagship industrial development, Logic Leeds. Phoenix Investment Management has bought a 25,000 sq ft unit, as part of its growing investment portfolio, with wholesale supplier of luxury hospitality textiles, Pegasus World, taking an adjacent unit of 31,000 sq ft. Both units were […]

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Muse Developments has pre-sold two further units, totalling 56,000 sq ft, at its flagship industrial development, Logic Leeds.

Phoenix Investment Management has bought a 25,000 sq ft unit, as part of its growing investment portfolio, with wholesale supplier of luxury hospitality textiles, Pegasus World, taking an adjacent unit of 31,000 sq ft. Both units were purchased for undisclosed sums.

Construction of the two state-of-the-art buildings will begin imminently, with Shipley-based, Stainforth Construction appointed as their main contractor.

These latest deals follow closely in the footsteps of the completion of Premier Farnell’s 362,000 sq ft unit, along with a second 361,000 sq ft currently nearing completion, which has been pre-let to a high-profile global occupier. Both units have been forward funded by Aberdeen Standard Investments in deals worth in excess of £100m.

Two plots remain at Logic Leeds, totalling 100,000 sq ft, with strong interest in both units. Carter Towler and Knight Frank are joint agents.

By Liza Helps

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