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 […]
Food logistics supplier NFT Distribution is to open a new distribution centre at the Port of Tilbury to serve importers.
Tuffnells Parcels Express contributed £114m of revenue and £9.7m of operating profit to its new owner Connect Group in the year to the end of August, group chief executive Mark Cashmore has revealed.
Norbert Dentressangle is to be acquired by US 3PL XPO Logistics for €3.24bn (£2.3bn) – in a deal that values ND at €2.17bn and incorporates €1.08bn of net debt – creating what both parties claim to be one of the top 10 logistics firms in the world.