Sharp ■ Informed ■ Challenging
3.4.17
the NEXT GENERATION SCANIA
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The purchase of Panic Transport (Contracts) is its fourth Palletline member
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NEWS INSIDE Avon calling
By Carol Millett
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Road rage
State of roads costs hauliers thousands
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To market, to market
Eddie Stobart Logistics’ £550m AIM listing p7
OPERATORS IN THIS ISSUE Bibby Distribution ���������������������������������p4 CM Downton �����������������������������������������p5 Culina Group �����������������������������������������p8 DX Group ����������������������������������������������p3 Eddie Stobart Logistics �������������������������p7 Expect Distribution �������������������������������p5 Simon Gibson Transport ������������������������p6 Wincanton �������������������������������������������p5 Whistl ��������������������������������������������������p8
Focus:
politics
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Kinaxia adds Panic Transport to stable
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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 Rugbybased Panic Transport (Contracts) last month means Kinaxia now has four Palletline members in its stable – the others being William Kirk, Foulger Transport, and Lambert Bros. MT understands Kinaxia made a bid for ABE (Ledbury) earlier this year, which ultimately saw its network, Palletline, acquire the business. Kinaxia also owns Pallet-
force member Bay Freight and Fortec member NC Cammack & Son. The six companies are held by Kinaxia Transport and Warehousing, a subsidiary of Kinaxia, trading as Kinaxia Logistics. The firm was set up in 2012 by Peter Fields and Graham Norfolk, the latter the
founder of corporate finance firm Acorn Capital Partners. The acquisition of Panic Transport (Contracts) has resulted in MD Kevin Johnson, who held a majority stake in the company, joining the board of Kinaxia Transport and Warehousing. Johnson continues to oversee Panic Transport
(Contracts)’s operations. Kinaxia has made no secret of its acquisition plans. On its website, it states it is targeting medium-sized, growing, profitable, privately-owned companies as part of wider plans to build a national haulage and warehousing group. The company, based at William Kirk’s headquarters in Macclesfield, has pledged to keep the local identity of the haulage firms it buys while introducing operating efficiencies across the board. Kinaxia’s latest annual results to 31 December 2015 reveal the firm bought Foulger Transport for £7.2m and Lambert Brothers for £11.4m in March 2015. Palletline was unavailable for comment.
DVSA earned recognition to be launched in 2018 The DVSA’s flagship earned recognition programme will not be launched until 2018, its chief executive has confirmed. Gareth Llewellyn’s foreword in the agency’s 2017-2018 business plan, published as MT went to press, said: “We have commenced work on our earned recognition programme which, when rolled out next year, will enable us to divert resources to target the Viewpoint
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serially non-compliant and dangerous operators.” He added that the agency believed operators that demonstrate consistently high maintenance standards and responsibly managed drivers’ hours, should benefit “from this new approach through reduced encounters with our enforcement staff”. The foreword added that the DVSA would pilot the scheme
Highwayman
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Parts
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with plans for implementation subject to its findings. MT reported last month (MT 6 March) that the enforcement agency had delayed the introduction while it ironed out problems relating to its technical feasibility. Although the agency denied any delay in its launch, the programme was expected to have been introduced this year. Interview:
Brett
Emerson
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Careers
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30/03/2017 16:45:09