Menzies Distribution has bought fully electric final-mile delivery firm Gnewt Cargo for an undisclosed sum. London-based Gnewt Cargo runs 100 electric vehicles in the city, and Menzies said the acquisition will support its drive to build a neutral, UK-wide parcel consolidation service while boosting its green portfolio. Menzies MD Greg Michael added it would give the operator a “stronger, cleaner presence in the London market”. A spokesman for Menzies told MT the Gnewt Cargo name would remain in place, as […]
Menzies Distribution has put “robust” contingencies in place to ensure service continuity, after the Unite union said its members would strike next week over a pay dispute.
DX Group made a pre-tax loss of more than £80m in the year ended 30 June 2017.
The extraordinary general meeting called for by a DX Group shareholder has been cancelled after the delivery company announced its intention to buy Menzies Distribution.