General cargo networks to merge
Palletways wants to acquire a stake in Germany-based VTL. Experts say that the move will unite the companies’ general cargo networks. The merger aims to provide better coverage in Germany.
VTL has 90 and Palletways more than 70 national depots. Delivery areas can be downsized and shipments better bundled by merging the networks. The project will be submitted for approval to a special VTL shareholder meeting in June.
The VTL network comprises more than 120 network partners. The central handling hub is in Fulda. (ben)