News distribution specialist CM Downton has secured its first contract with Connect Group’s Smiths News. Smiths News, sister company to Tuffnells Parcel Express, has a 55% market share of the news distribution industry. Downton’s contract with the group will see the operator perform multiple daily trunks of magazines between a Smiths News magazine hub in Hemel Hempstead and depots in Stevenage and Hornsey. Downton said its experience in the print sector helped it secure the deal in a competitive tender. […]
Tuffnells has returned to profit just six months after being bought by the firm’s management team in May this year.
FRP Advisory, the administrators of Charles Gee Group, has confirmed to Motortransport.co.uk that it is still seeking a buyer for some of its road transport interests.
Growth from new and existing contracts has seen CM Downton add 300 new vehicles to its fleet.