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 […]
Palletforce will begin work on a £20m “super hub” next to its existing Burton upon Trent site this year.
The boss of CM Downton has said customers need to be realistic about haulage rates as the economic recovery begins to lay bare capacity issues within road transport.
Howard Tenens has bought a South Wales DC from Tesco, in anticipation that the removal of the Severn Crossing tolls will boost the region’s economy. The acquisition of the 282,297ft² site in Chepstow is the Howard Tenens’s largest property purchase to date, and its first in Wales. It bought the site for an undisclosed sum… […]