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Malcolm Group buys terminal and asks for rail-freight funds

1st July 1999, Page 11
1st July 1999
Page 11
Page 11, 1st July 1999 — Malcolm Group buys terminal and asks for rail-freight funds
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Scottish haulier the Malcolm Group plans to expand its container traffic with the purchase of a six-acre rail-freight terminal at Grangemouth.

The group is buying the terminal for £700,000, but it wants the Government to meet part of the cast of improved rail facilities at the Fife site, which borders one of the haulier's existing warehouses.

Managing director Andrew Malcolm announced the purchase last week as Malcolm Group published a 15% rise in turnover to £58.3m; operating profit rose 20.4% to aim in the last financial year.

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