DX Group has entered an agreement to sell its Business Direct operations to ByBox Field Services by 21 December, disposing of its overnight parts distribution service. DX said it will now use the profit from the sale of the division (terms of the acquisition have not been disclosed) to invest in its core B2B and B2C services. Petar Cvetkovic, CEO of DX, said: “Following the approach from ByBox, the sale presents an excellent opportunity for Business Direct to be owned […]
Woodland Logistics has purchased Courier Elite, based in Peterborough, Cambridgeshire.
Stobart is still restructuring the former Innovate business it acquired out of administration in 2008 – a process that has been “more challenging, costly and further reaching than first planned”. The admission came as Stobart Group revealed profit rose 10% at its transport and distribution division (Eddie Stobart) to £14.2m in the first six months ended 31 August. This was despite a 5.6% fall in turnover to £251.1m. “We have improved our margins in [Eddie Stobart] through more effective financial […]