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. […]
Hicks Logistics has moved into warehousing after the acquisition of a 20,000ft² industrial unit next to its Caldicot base on the Severn Bridge Industrial Estate. The company hopes the diversification will boost its annual turnover from £7.5m to around the £10m mark, and has taken on ten more staff taking its team to 80.
Parcelforce Worldwide is to invest £75m in its network and hubs over the next four years, creating 1,000 new jobs. The investment, which is part of parent company Royal Mail Group’s strategy to expand its express parcel business in the UK and internationally, will also see the opening of a new parcel processing centre in Chorley, Lancashire, as well as two additional depots in Cornwall and Hampshire. There are also plans for nine of its 53 existing depots across the […]