The Pallet Network (TPN) continued to thrive in its first full year after being acquired by Eddie Stobart Logistics (ESL), according to its latest annual results. TPN, which was bought for £52.8m by ESL in June 2018, reported a “strong year” in all areas, despite the impact of Brexit, with a rise in membership numbers and the continuing success of its regional hub strategy. TPN’s latest financial results to 30 November 2019 revealed a rise in turnover to £129.3m in […]
Kuehne + Nagel’s road and rail logistics division saw volumes fall in the third quarter due to seasonality and the tough economic conditions affecting Europe, dragging down its nine month performance. It meant EBITDA was 9.6% down on the same period of last year for the first nine months of 2012 at CHF 28m (£18.7m). Despite this, invoiced turnover increased 6.9% to CHF 235m. EBITDA within its contract logistics division in the nine-month period was flat year-on-year at CHF 115m, […]
Palletline Logistics, part of the palletised freight distribution network Palletline, has acquired the overnight delivery business of South London-based PF Whitehead Logistics.
The management team at Derby Express Couriers (Overnight) have completed a management buy-out (MBO). The Derby-based overnight courier company, which is part of the APC Overnight parcel delivery network, was sold by founding shareholder Nick Taylor to directors Lorraine Sharp and Susan Hill. “Susan and I are privileged to be able to lead the business to the next stage,” said Lorraine Sharp, who has worked at Derby Express for 12 years. “We take pride in offering a quality and reliable […]