Kinaxia Logistics grew turnover by 40% last year, reflecting the full-year effect of its acquisition spree during 2017 and 2018. However, it made a pre-tax loss of £755,540 after its investment in two major warehousing operations incurred “heavy set up costs”, relating to rent, rates, labour and fit-out expenditure. It said significant due diligence and fee costs relating to acquisitions also hit its profitability, although the majority of these costs are one-offs. The haulage and warehousing group reported revenues of […]
Panic Transport has been officially unveiled as a member of Palletforce, making it the fifth Kinaxia Logistics-owned haulier within the pallet network.
Kinaxia Logistics has made its tenth acquisition with the purchase of Palletline-member AKW Group for an undisclosed sum.
Eight road transport and logistics businesses now have an annual turnover in excess of £1bn.