NFT is to venture south with the opening of a major warehouse as it eyes a larger slice of the £34bn of food imports to the UK. It hopes the move will help increase its annual turnover from £170m to £250m within four years. Speaking to MT after private equity firm EmergeVest replaced backer Phoenix Partners in a £60m deal, NFT CEO David Frankish said the first chapter of a longer story was complete, with NFT now pursuing several opportunities. […]
Two-man delivery firm Panther has extended its range of delivery services to cover lighter large goods, as well as opening two new depots, following a surge in business over the last 12 months.
NFT Distribution recorded a pre-tax loss in the 12 months to 2 April 2016 after exceptional costs of £7.1m, although the operator said it was now well placed to prosper.
Palletways Platinum Club member Reason Transport has opened a new 20,000ft² warehouse at an old RAF base.