EmergeVest, the Hong Kong-based private-equity investor that has acquired CM Downton, NFT Distribution and Palletforce over the past four years, has merged its road transport and logistics assets into one company: EV Cargo. It has created a business that would rank 11th in the Motor Transport Top 100 and is now the largest privately-owned operator in the UK. EV Cargo is a result of the consolidation of software firm Adjuno, freight-forwarder Allport Cargo Services, ambient distribution specialist CM Downton, temperature-controlled […]
UPS has pulled out of its multi-billion Euro bid to take over TNT Express, almost a year after it first entered into talks with the parcel firm. It hoped the merger would create a €45bn (£37.4bn) logistics giant, increasing the US firm’s presence in the European market. However on Friday (11 January), the European Commission (EC) told both parties that it planned to prohibit the merger. MT.co.uk looks at how the story developed over the year. The merger process began […]
CM Downton has made a £4.5m investment in its fleet after a take-off in demand, purchasing 50 new tractor units and 60 curtainsided trailers.
Kinaxia Logistics has added the ninth haulier to its rapidly expanding stable, rescuing Bollington-based BC Transport from administration.