XPO Logistics has won a new contract with Lancashire joinery specialist Performance Doorset Solutions (PDS) that will see it be responsible for some 50 movements per week. PDS is part of Masonite Group, and XPO Logistics already handles movements for the US door specialist out of sites in Barnsley and Huthwaite, Nottinghamshire. Masonite will now consolidate its supply chain with XPO as the carrier. Mike Bratt, site director at PDS, said: “This new contract means more rapid innovation, an end […]
A significant number of contract wins in XPO Logistics’ Supply Chain and Transport Solutions divisions more than offset a decline in dry bulk volumes during XPOs first full financial year of trading since it acquired Norbert Dentressangle in 2015.
Norbert Dentressangle has been officially purchased by XPO Logistics. The deal to acquire 67% of the business from the Norbert family has gone through less than six weeks after an unsolicited €3.24bn (£2.3bn) bid was made by the US firm for the business.
XPO Logistics has begun raising $3.26bn (£2.1bn) to finance its takeover of Norbert Dentressangle and for other, as yet unspecified acquisitions.