Palletline Logistics, part of the palletised freight distribution network Palletline, has acquired the overnight delivery business of South London-based PF Whitehead Logistics. Under its new ownership, the business will operate as Palletline Whitehead Ltd. PF Whitehead Logistics had been a member of the Palletline network for 10 years and has sold its overnight service operation to focus on other areas of its growing business. “This is the fifth acquisition of a member business by Palletline,” said Palletline Logistics MD Paul […]
Menzies Distribution has snapped up Inverness-based AJG Parcels in a £7.5m deal that allows it to enter the e-commerce parcel market.
UPS has pulled out of its €5.16bn offer for TNT Express – in a deal that would have created a business with a combined annual turnover of £1.3bn in the UK – blaming European Commission (EC) concerns with the acquisition. The proposed merger is expected to be prohibited by the EC, the parcel giants warned in joint statements this morning (14 January). TNT said UPS sees “no realistic prospect” that it will receive EC clearance and will formally terminate the […]
Family-run John Jempson & Son added more than £1m to its turnover last year, thanks to a buoyant construction market in London.