Chilled food distributor NFT Distribution Holdings, which is part of the EV Cargo group, is looking for a buyer after reporting losses of over £30m. NFT Distribution Holdings, which employs 1,900 staff and counts Sainsbury’s as one of its major customers, was acquired from private equity firm Phoenix Equity Partners by what was then Emerge Vest in 2014 in a deal valuing the company at £60m. The move emerged just days after joint MD Mel Brockhouse resigned from the company. […]
Cambridgeshire-based Knowles Transport slipped into the red after operational issues at its – at that point – newly opened Wisbech DC resulted in “significant costs”.
The haulage industry fared better than most UK sectors during the second quarter of the year, with a slowdown much less pronounced than elsewhere, according to official figures.
Container haulier Macintyre Transport has reported a 26% rise in profits on the back of extending the working life of some of its vehicles.