Northumberland-based transport management software provider Mandata has acquired Returnloads.net as part of the company’s diversification plans. Essex-based Returnloads.net is an online marketplace for hauliers and freight forwarders where members can promote subcontracting jobs and empty vehicle capacity. Chris Rigg, chief executive of Mandata, said: “Returnloads.net’s focus on using digital solutions to benefit the road transport and logistics sector matched our own objectives perfectly. “This acquisition will help us diversify and expand our offering, while continuing to give customers the tools […]
Private equity firm Advent International is to acquire a 75% stake in Hermes UK in what is described as a “business as usual” agreement.
Tuffnells Parcels Express contributed £114m of revenue and £9.7m of operating profit to its new owner Connect Group in the year to the end of August, group chief executive Mark Cashmore has revealed.