Stalling Star
Page 13
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• The memorandum of sale for British Rail's Red Star has been delayed until after Easter because it has hit "one or two glitches".
Price promise
• Mercedes-Benz Finance is extending its Second to None car finance scheme to CVs. It guarantees the value of vehicles at the end of their contract term,
Stanton's step
• Tony Stanton, former president of the Freight Transport Association, and former director of Tibbett & Britten, has joined the board of Boughey Distribution's parent company, NWE
Transport team
• Transport Development Group has merged its UK and Continental transport activities into the European Transport Division. It will be run by Steve Badger, chief executive of TDG Ostra.
Twelve trailers
• MacFarlane Transport is hiring 12 trailers from Central Trailer Rentco on a five-year contract to distribute magazines to supermarket chains.
Diesel down
• A&P Peaper of Hartford, Huntingdon has cut its diesel fuel bill by 16% by using the Diesel Direct card service supplied by Fuel Management Supplies.
Transfleet turns
• Lex Service pushed its truck leasing and rental business Transfleet into profit last year after making a loss in 1991. The company attributes the turnaround to tighter control of costs.
P&O profits
• P&O's European transport operations showed an improvement in profits in 1992, mainly from unit load operations and its forwarding business.
Black's back
• Rationalisation in Se,alink and an increase in UK freight helped put Stena Line back in the black last year.