The sale of a controlling stake in Pallet-Track to TPA Capital in March was heavily influenced by the arrival of a new wave of deep-pocketed owners within the sector, its MD has revealed. Speaking exclusively to motortransport.co.uk, Nigel Parkes said that although there was an element of de-risking in his decision to sell some of his shareholding in the network to TPA Capital, “the catalyst was seeing an industry becoming more corporate”. Ahead of the sale Parkes held 51% of […]
Keyne Express Deliveries and KED Logistics have been purchased by Beaches Logistics after both companies entered administration.
Derbyshire-based Surfair Global Logistics has called in the administrators.
ELB Partners has taken delivery of two Volvo FL 18-tonners, featuring Lawrence David XL-rated curtain-sided bodies and the firm’s highest ever specification of vulnerable road user safety kit.