Investment firm Kinaxia is on the hunt for further acquisitions following the purchase of Palletline member Panic Transport (Contracts). It is its sixth acquisition in five years and the first paid for from a war chest of £25m, secured in January last year. The purchase of Rugby-based Panic Transport (Contracts) last month means Kinaxia now has four Palletline members in its stable – the others being William Kirk, Foulger Transport, and Lambert Bros. Motortansport.co.uk understands Kinaxia made a bid for […]
As the economy struggles, UK pallet networks continue to record year-on-year growth. The UK’s pallet networks shifted more than 15.3 million pallets last year, a 7.3% rise on the number moved in 2010. Data from the Association of Pallet Networks (APN) shows that while the UK, and beyond, has endured recession, the networks have continued to outperform the economy. Eight of the nine UK networks are APN members, representing more than 650 hauliers, almost 30,000 vehicles and 13 million ft2 […]
By the time the Beast from the East had done its damage and spring was finally making itself known, official figures showed that there had been 574 insolvencies in UK logistics during the first three months of 2018.
S&S Distribution’s fleet investment programme and the loss of a local customer that relocated contributed to a fall in turnover and profit last year.