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IoC News - March 2014

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Thirty IOC associate members who are postgrad masters students in supply chain logistics took a day out of the lecture theatre to get practical in the Warehouse.

The logistics students from Manchester Met visited MANTRA learning

Senior lecturer in logistics David Lascelles liaised with IOC and Mark Currie to deliver a unique insight of warehouse delivery, the Manchester MANTRA training site enabled real hands on in a safe environment with a variety and depth unmatched in any 3PL visit. Racks from fluid bottles to food, technology goods to heavy boxes, hot and cold stores, it was a whistle stop tour from manual handling to rodent control and fast rise fork truck doors stops.

The academic fit of parcel size, volume weight and sort was a reality. For any logistician manager that first parcel is a future memory never to forget and the students were treated to a step by step supply chain, from container to pallet, pick and re pack, 30 students split in three teams, it was hands on to sort boxes and recognise the damage liability that had been taught in the lectures, reverse logistics and return goods was all real.

Celebrations all round, MANTRA had gifts, in recognition the assoc member IOC students were about to step into their first management jobs they all took home the new hard toe boots they had used in the MANTRA warehouse.

Institute of couriers Chairman Carl Lomas was on hand to see the visit,

It was a very special moment to see our future managers bond their lectures at Manchester Met with their first step into the real work environment, it was controlled, safe and delivered a huge knowledge benefit to the individuals, well done Mark Currie and the MANTRA team, this is the future of our industry.

2014 news mar 1

TfL Industry consultations

You can give the Mayor of London your views on his proposals to allow the Metropolitan Police to have access to the Automatic Number Plate Recognition (ANPR) cameras for crime prevention reasons. These cameras are used to monitor and enforce Congestion Charging and the Low Emission Zone. Closing date 8 April 2014
    http://www.london.gov.uk/priorities/policing-crime/consultations/cutting-crime-with-road-cameras

    Closing date 24 March 2014
    - Proposed changes to roads in the King’s Cross Area
    https://consultations.tfl.gov.uk/streets/kingscross
    Closing date 28 March 2014
    - Proposed changes to the speed limit at A1 Barnet Bypass
    https://consultations.tfl.gov.uk/streets/a1-barnet-bypass
    Closing date 13 April 2014
    - Have your say: Air Quality in London survey
    https://consultations.tfl.gov.uk/planning/air-quality-survey
    Closing date 18 April 2014
    - Proposed changes at the junction of the A2 Blackheath Road with Greenwich High Road and Deal’s Gateway
    https://consultations.tfl.gov.uk/streets/a2-at-deals-gateway
    Closing date 30 April 2014
    - Proposed changes to transport interchange at the Elephant & Castle
    https://consultations.tfl.gov.uk/roads/elephant-and-castle

London wants you to have your say on 'RETIMING DELIVERIES'

TfL are undertaking a project looking at retiming deliveries outside of usual operating hours and are carrying out research to find out views and experiences from the industry. Your participation in the survey will be valuable in developing future freight strategy in London. We will use the information to design specialist training in the working practices and behaviours required to undertake these deliveries. Please spare approximately two minutes to complete the survey at https://www.surveymonkey.com/s/Y7T2X6Z

Mayor of London confirms locations across the capital set to be transformed as part of £4 billion roads programme

    Dozens of locations across the capital are set to be transformed as part of the largest investment in the capital's road and street network in a generation. More details at http://www.tfl.gov.uk/corporate/media/newscentre/29736.aspx

Former Nightfreight, Express group DX set to raise £200 million

Former Nightfreight, Express group DX is set to raise £200 million before the end of February through a placing on the AIM market and is looking to raise its profile with vehicle livery.

Chief executive officer Petar Cvetkovic said:

We are very pleased with the strong level of support from institutional investors which is testament to the strength of our business and the future prospects ahead of us. The placing and subsequent admission to AIM will support our business as we seek to continue to deliver great customer service and grow our brand.

DX has transformed significantly in recent years, generating an attractive and scalable customer-focused business which is underpinned by the fast growing parcel and freight markets. We are very excited to start this new era in the company's development and are confident that with the new flexibility achieved from the placing we will enhance shareholder value in the company.

DX, which is based at Iver in Buckinghamshire was a National courier award winner last year for step change in the delivery process with its move to short windows of timed delivery. It handles goods from many e-tailers, high street retailers, and a wide range of items from many industry sectors. Nightfreight  rebranding as DX Freight began last year.

The AIM placing has raised some £200 million via the placing of 200,525,300 million ordinary shares at a price of 100 pence per share. Dealing in the shares is due to start on 27th February.

Certain members of the DX management, including David Hoare, Petar Cvetkovic and Ian Pain are reinvesting their current equity interests and will own approximately 3.64 per cent of DX after admission.

The proceeds of the placing will also be used to repay existing senior debt, shareholder loans and private equity, allowing the company to invest in service development.

 

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