Ripon-based Potter Group Logistics has bought York logistics firm and Palletline member House of James for an undisclosed sum. The deal, struck yesterday (16 May) boosts Potter’s turnover by 50% to £22m, adding 100,000ft² of warehousing space, 35 vehicles and 55 trailers to the fleet. Motortransport.co.uk understands that Simon Gill, MD of House of James, will remain at the combined business for at least three years in the role of commercial director. Matthew Lamb, MD of Potter’s, says: “We have […]
XPO Logistics has begun raising $3.26bn (£2.1bn) to finance its takeover of Norbert Dentressangle and for other, as yet unspecified acquisitions.
TNT Express has announced the intended sale of its Dutch TNT Fashion Group operation to a consortium formed by Belgian fashion and lifestyle logistics firm Belspeed and Turkish logistics and transport conglomerate Netlog Group.