Abbey Logistics Group is to reboot its expansion strategy following a “self-imposed” pause on growth during 2015. It is back on the acquisition trail looking to expand in mainland Europe, or enter the UK chemical transportation market, having secured £13.5m of funding from HSBC. Two-time MT Haulier of the Year winner has also set itself the target of reaching £70m of turnover by 2020. The Bootle-based operator has grown from £18m in financial year 2009 to £45m turnover for the […]
Chilled food distribution specialist NFT has seen its turnover and pre-tax profit rise at the same time as signing a five-year refinancing package with HSBC. Turnover increased by 8% to £152.4m for the year-ending 31 March, from £140.9m a year ago. Pre-tax profit rose 60% from £1.4m to £2.2m. Its shared user transport network delivered an average of 39,000 pallets a week of food and general merchandise in the financial year, an increase of 40% year-on-year. A contract with an […]
Bulk liquid and powder road tanker operator Abbey Logistics has launched a new dedicated animal feed tanker division.
Think Logistics has got off to a flying start this year with several major operators lining up to deliver workshops or offer mentoring support for students keen to learn more about the logistics sector.