TDG closes two subsidiaries
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• The Transport Development Group is restructuring its Transport Division, closing two out of nine companies and grouping similar contracts within the remaining seven, but it does not expect large job losses.
John Russell and Thomas Smith close down leaving InterCity Transport, Linkman Tankers, Nexus Logistics, McPherson, McKelvie, W&J Riding and Stirland.
McPherson becomes a speci alist whisky distributor, adding its own work to that of InterCity, John Russell and Thomas Smith. It will have a E..14m turnover and 160 vehicles, Inter-City takes on primary transport from the defunct John Russell, boosting its fleet to 400 vehicles with a i.40m turnover, And Nexus takes on John Russell's tanker operations, including BP Chemicals, sharing JR's former Grangemouth depot with Inter-City.