The future of Hellmann Worldwide Logistics rests on the success of a major refinancing deal being negotiated by its German parent company, the 3PL’s auditor KPMG has warned. Parent company Hellmann Worldwide Logistics GmbH is in negotiations with 11 funding partners to refinance a €159m (£125m) loan, which makes up 40% of the group’s total loans. The refinancing was set to be completed by August last year but has been put back until the end of this month. In the […]
Cambridgeshire-based Knowles Transport slipped into the red after operational issues at its – at that point – newly opened Wisbech DC resulted in “significant costs”.
Wincanton has gone live with its Virtual Access to Storage and Transport (VAST) service, a new initiative that sees the 3PL playing matchmaker for customers looking for warehouse space.
NFT Distribution recorded a pre-tax loss in the 12 months to 2 April 2016 after exceptional costs of £7.1m, although the operator said it was now well placed to prosper.