The sale of Kuehne+Nagel Group’s contract logistics portfolio to XPO Logistics has been sealed after being unconditionally approved by the British Competition and Markets Authority. The deal sees XPO acquire Kuehne+Nagel’s drinks logistics, food services and retail and technology businesses which generated a turnover of approximately £617m in 2019 and employed 7,500 staff. The parties did not disclose the value of the deal. XPO said the transaction expands its UK and Ireland operations to 248 locations and approximately 26,000 employees […]
Haulage consortium Harlequin Logistics has injected some snap, crackle and pop into its five members after revealing that its first contract has been signed with Kellogg’s. Harlequin will deliver some 15,000 Kellogg’s loads per year from the cereal manufacturers depot in Manchester to retailers’ RDCs, wholesalers and cash and carry outlets nationwide. Founder Paul Smith told MT earlier this month (6 Feb) that it was also set to start work on a second, as yet undisclosed, contract, this month with […]
Manchester-based Romac Logistics has expanded into a major new head office and distribution centre at Unit 66 Finlan Road, Stakehill Industrial Estate which is owned by the COIF Charities Property Fund.