Kinaxia Logistics has snapped up its seventh haulage firm in just over five years, with Telford-based AJ Maiden & Son, which trades as Maiden’s of Telford, joining the fold. It already owns Bay Freight (January 2012), William Kirk (September 2013), NC Cammack & Sons (May 2014), Foulger Transport (March 2015), Lambert Brothers Haulage (March 2015) and Panic Transport (Contracts) acquired in February. Palletforce and TPN member Maiden’s of Telford was formed 1931, and today provides general haulage, including contract distribution, pallet […]
Eddie Stobart Logistics has purchased The Pallet Network (TPN) for £52.8m.
A dividend of nearly £5m is to be shared out among Palletforce’s 86 member shareholder members as part of the biggest pay out in the network’s 13 year history.
Expect Distribution has blamed a fall in profit on its loss-making two-man delivery service, which ceased operating in May last year, but said that new deals in its contract logistics business will get it back on track.