New information reveals spectacular growth at the recently acquired parcel delivery business during the strictest pandemic lockdowns – and the key role played by its franchise model.
The Currency has identified over 30 companies or business names connected with the directors of B Logistics over the past 20 years. They have one thing in common: All have failed.
In a major interview, Eamonn O’Reilly, outgoing chief executive of Dublin Port Authority, discusses the extreme challenges facing the shipping industry and how he is funding the €1.6 billion masterplan to expand the port.
Six years on from founding CitySwift, Brian O’Rourke and Alan Farrelly explain how they developed AI to optimise bus fleets, sold it to the UK’s major operators and are now going international – having raised funds from A-list investors including Ryanair’s founding family along the way.
Analysis of official traffic data and results from private toll road operators paint a grim financial picture. Another private operator is in serious financial trouble, while the taxpayer is shouldering most of the sector’s continuing pandemic burden.
Of the many transport situations where driving a car makes little sense, business trips are the most obvious. The tax treatment of expenses claims offers one of the many avenues needed to tackle the disproportionate cost of the drive-everywhere mindset.
DirectRoute lost €8.4m in toll revenue from Cork and Limerick motorways last year as travel restrictions hit traffic. Taxpayers have covered more than half of it for the benefit of its overseas investors.
From wage subsidy schemes to public-private partnerships, recently filed accounts show that some companies have benefited handsomely from state handouts triggered by the pandemic – whether they needed them or not.
From butter to forklifts, companies shipping Irish-made products around the world have faced a six-fold increase in the cost of container freight and multiple transport delays since the start of the pandemic. The crisis shows no sign of immediate resolution and their margins are taking the hit.
The N25 motorway toll features a spectacular toll bridge over the River Suir in Waterford. Loss-making and underperforming from the start, it is now being acquired by two of its secured lenders. So, just what happened?
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