Kinaxia Logistics has made its eleventh haulier purchase, snapping up Fresh Freight Group (FFG) in Gateshead. The buy is Kinaxia’s first in the North East and comes after it added Manchester-based AKW Group to its ranks last month. Peter Fields, director at Kinaxia Logistics, said: “It should come as no surprise to the market that Kinaxia has broadened its reach to include the North East. “The group strategy remains to acquire successful, professionally operated, service-focused, family-owned companies and our purchase […]
UK Mail Group has written down the value of its struggling UK Pallets business, revealing a £7.3m impairment charge relating to goodwill dating from its purchase in 2003.
By the time the Beast from the East had done its damage and spring was finally making itself known, official figures showed that there had been 574 insolvencies in UK logistics during the first three months of 2018.