The Nightfreight name will disappear from UK roads as its parent company, DX Group, revealed its fleet will be re-liveried as it strengthens the acquisition it made last year. It has also emerged that Nightfreight contributed £300,000 of EBITDA to DX in its first 15 weeks under new ownership, albeit during its peak season, according to figures filed at Companies House. DX bought Nightfreight in March 2012 for £11.6m. It had struggled to make money under its previous owners, Penglais […]
DX Group has acquired almost half of last-mile delivery firm Gnewt Cargo for £1.75m.
The DX Group shareholder leading the charge against the company’s proposed acquisition of John Menzies’ distribution arm has increased its holding in the company by 10%.
The ongoing threat of strike action at Royal Mail has encouraged many of its customers to switch to rival carriers, while growth in new contracts has slowed, the firm admitted in its half year results.