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 […]
Pall-Ex has confirmed C Butt will be taking on the postcode currently run by Mainland, following the latter’s merger with Knights of Old. Kettering-based Knights of Old is a member of the Palletforce network, while Northampton’s Mainland runs in the Pall-Ex network. The businesses merged last year. From the 1 June Mainland officially became part of Knights of Old, with its brand and livery now retired in favour of the blue and yellow of Knights. Cris Stephenson, deputy MD at […]
East Yorkshire bulk powder haulier Simon Gibson Transport has been acquired by French logistics firm Groupe Charles André (GCA) for an undisclosed sum.
UPS has pulled out of its €5.16bn offer for TNT Express – in a deal that would have created a business with a combined annual turnover of £1.3bn in the UK – blaming European Commission (EC) concerns with the acquisition. The proposed merger is expected to be prohibited by the EC, the parcel giants warned in joint statements this morning (14 January). TNT said UPS sees “no realistic prospect” that it will receive EC clearance and will formally terminate the […]