Investment firm Kinaxia is on the hunt for further acquisitions following the purchase of Palletline member Panic Transport (Contracts). It is its sixth acquisition in five years and the first paid for from a war chest of £25m, secured in January last year. The purchase of Rugby-based Panic Transport (Contracts) last month means Kinaxia now […]
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UK Mail saw a 25% year-on-year increase in daily parcels volume during the first quarter of this year, the post and parcel carrier has revealed.
Fortec will complete its most significant IT project in a decade by the end of the year, in a move it claims will put it ahead of its pallet network rivals and on par with the best the parcels sector can offer.
When Simon Hobbs says his induction as new Kinaxia boss wasn’t what he expected it sounds like the understatement of the year. Within weeks of taking the reins back in late January, the Covid crisis saw volumes across the group slump by 35% and cash quickly begin to drain.