Menzies Distribution has bought fully electric final-mile delivery firm Gnewt Cargo for an undisclosed sum. London-based Gnewt Cargo runs 100 electric vehicles in the city, and Menzies said the acquisition will support its drive to build a neutral, UK-wide parcel consolidation service while boosting its green portfolio. Menzies MD Greg Michael added it would give the operator a “stronger, cleaner presence in the London market”. A spokesman for Menzies told MT the Gnewt Cargo name would remain in place, as […]
A turnaround plan at DX (Group) is beginning to bear fruit after its latest financial results showed a 7.7% increase in revenue to £322.5m.
DX Group has announced a major new contract with Avon UK a week after plummeting share prices prompted its largest shareholder to call for the removal of two board members.