A year after acquiring a 90% controlling stake in Europa Worldwide Logistics, MD Andrew Baxter said the firm is on track to hit its growth targets, although that will come with a short-term dip in profit. Baxter told MT: “It is our objective to be the number one groupage operator in the UK. That will be achieved, but there is a question of how long it will take to achieve that. Our growth will be held up because we are […]
Stobart Group has said a £25m windfall generated by a property sale this month will be held in cash pending reinvestment or used to repay debt.
Freight and warehousing specialists Europa Worldwide Logistics has opened a new £20m purpose-built distribution centre in Birmingham. Constructed in just 24 weeks, the new 155,000ft² facility at ProLogis Park, Minworth, brings together a number of the company’s operating divisions under one roof, including European express, seafreight, national distribution, exhibition and project forwarding and logistics services. The firm, which has been running for nearly 50 years, has been operating from Birmingham since 1985. The Minworth facility employs 100 staff, has 15,000 […]