DX Group has sold five of its properties and taken a loan from its biggest shareholder to pay back a bank loan. The group has committed to a sale and leaseback of its sites in Thatcham; Basildon; Rotherham; Northampton and Nottingham. The deal with Chancerygate (Livingston) is due to complete on 29 September. The sale of the land is to repay a term loan to HSBC, and DX Group had considered selling its Willenhall freight hub in order meet the […]
Welcome to the 2018 Motor Transport Power Players, the editorial team’s take on who will be the key influencers – including some of those who are up and coming in the industry rather than the established names – on the transport and logistics industry this year.
Menzies Distribution has bought fully electric final-mile delivery firm Gnewt Cargo for an undisclosed sum.
Chilled food distribution specialist NFT has seen its turnover and pre-tax profit rise at the same time as signing a five-year refinancing package with HSBC. Turnover increased by 8% to £152.4m for the year-ending 31 March, from £140.9m a year ago. Pre-tax profit rose 60% from £1.4m to £2.2m. Its shared user transport network delivered an average of 39,000 pallets a week of food and general merchandise in the financial year, an increase of 40% year-on-year. A contract with an […]