The acquisition of administration-hit Elite Transport Services pushed Deben Transport into the red last year. The Felixstowe-based container haulier posted a £668,135 pre-tax loss in 2013, its annual accounts to 31 December show. This followed a £63,568 pre-tax profit the year before. Commercial director Rachael McCall told Motortransport.co.uk that the purchase of Elite Transport Services in April 2013 was the main contributing factor to the company’s financial performance during the year. According to the accounts, Deben acquired Elite out of […]
EmergeVest, the Hong Kong-based private-equity investor that has acquired CM Downton, NFT Distribution and Palletforce over the past four years, has merged its road transport and logistics assets into one company: EV Cargo.
Contract changes and one-off project costs contributed to Gist’s annual profit plunging by more than half last year, according to the firm’s latest results.