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. […]
A dispute has broken out between EV Cargo and Culina over which company is responsible for redundancy payments for 65 EV Cargo warehouse workers.
Stobart Group is to discontinue its chilled operations “as a stand alone unit” insisting that the “change will not affect Stobart’s national network solution for customers”. In an interim management statement today (17 January), Stobart said the Eddie Stobart transport and distribution division continued to perform in an uncertain economic environment but its chilled operations remained very challenging. MT.co.uk understands that discontinuing the chilled operations – primarily the former Innovate Logistics business it acquired out of administration in July 2008 […]
Miniclipper Logistics is celebrating half a century of trading with a £5.5m investment in a new four acre site, as well as truck and trailer acquisitions.