Rico has bought a majority shareholding in air freight distribution carrier Circle Express as part of a “strategic acquisition” plan. Circle Express, which has been trading through a CVA since May 2012, had an annual turnover of £29m in 2014, and runs more than 300 vehicles across eight airport-based depots. The company returned to profit in 2013 and reported a 44% increase in pre-tax profit to £194,000 in 2014 (2013: £134,000). Despite this growth, MD Tom Ryan said that the […]
Jersey Post has bought Portsmouth haulier Fraser Freight, after what the carrier described as one of its “most financially challenging years” to date.
DHL Tradeteam has revealed details of its three year contract with soft drink bottler and supplier Coca-Cola Hellenic, its first direct relationship with a soft drinks supplier.
DHL has won a nationwide vehicle distribution contract with car dealership Vindis Group. The new contract will see DHL’s vehicle distribution arm Inside Track handle over 4,000 movements of new and demonstrator vehicles per year from Vindis’ site in Alconbury, Cambridgeshire, while the majority of the deliveries will take place in the East of England. DHL aims to reduce costs and improve consistency of service for the Volkswagen, Audi, Bentley and Skoda dealer, which previously used multiple logistics firms to […]