Return to double-digit spot rate gains looms with new FAK hikes and surcharges
As expected after last week’s surge in spot rate levels, this week saw more modest ...
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
Hapag-Lloyd has returned to the road freight market, agreeing to acquire UK-based ATL Haulage for an undisclosed sum, and continues to invest in transport capacity beyond its core shipping business.
The Loadstar understands the plan for the newly acquired trucking firm is to operate it as Hapag’s in-house haulier in the UK, most likely supplemented by subcontractors.
However, both companies confirmed that ATL would “remain an independent company and brand, and continue to be run by the existing management team, serving all its clients in line with their existing partnerships”.
Hapag said: “The acquisition of ATL and working together with our other hauliers enables us to deliver on our commitment to provide our customers with a first-class multimodal service.”
ATL Haulage was founded in 2008 and operates a fleet of 120 owned trucks, with an average age of below two years and running on Euro 6 engines, and a network of more than 100 others from dedicated subcontractors. Additionally, it has over 250 skeletal, sliding, genset and multi-function trailers.
According to the latest accounts filed with the UK’s Companies House, in the financial year 2022 ATL Haulage posted revenues of £41.8m ($53.1m), which led to a pre-tax profit of £2.6m.
The company, headquartered in DP World’s London Gateway complex, clearly enjoyed a pandemic bounce, as these figures showed strong growth over 2021, when it reported full-year revenue of £28.7m and pre-tax profit of just under £1m. This it said was the result of rising revenues combined with falling costs during 2022.
In the recently released Gemini prospectus, outlining the expected service strings of the new Maersk-Hapag-Lloyd joint services, UK calls will see transatlantic volumes pushed through Southampton, while Felixstowe will be the hub for the Far East traffic and London Gateway is listed as the UK call on two India/Middle East services.
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