Panther Warehousing has acquired West Yorkshire-based two-man delivery company Hi-Way Express Home Delivery for an undisclosed sum. The business, which is part of the Crick-based Panther group, has acquired Hi-Way Express and its 200,000ft² warehouse in Castleford from domestic appliance company Pacifica Group. Hi-Way has no vehicles or drivers and subcontracts all its transport movements out to other firms. A Panther spokeswoman was unavailable to confirm whether Panther will be operating any vehicles from the new site. Panther Warehousing hopes […]
Deutsche Post DHL has reached an agreement to buy UK Mail, in a deal that values the delivery company at £242.7m.
Burnley-based EFS Global is back on the acquisition trail, snapping up freight forwarder AFI UK for an undisclosed sum. Mark Jones, EFS Global MD, said: “Our acquisition of AFI UK is another step forward in our expansion plans. “The business is a perfect fit and is a great addition to our group as we continue to focus on growing our reach and market share.” Read more EFS Global expands postcode coverage during Covid-19 pandemic EFS Global buys Caistor Distribution Palletways […]
TNT said it is more certain about its future after the collapse of its multi-billion euro acquisition by UPS last week, despite analysts warning that the industry giant needs to “work out what is going on”. UPS pulled the plug on the €5.16bn (£4.31bn) deal after it became clear that the European Commission (EC) would veto the acquisition, which had been bogged down in EC red tape for the past 10 months, due to competition concerns. UPS said it was […]