NFT joins EV Cargo, the largest privately-owned logistics business in the UK
The UK’s leading provider of temperature-controlled logistics services NFT is one of six premier logistics companies which have joined forces to form EV Cargo.
Created by private equity investor EmergeVest, and with £850 million of revenue, EV Cargo is the largest privately-owned logistics business in the UK, providing mission-critical supply chain services to a portfolio of leading brands.
EV Cargo is one of the UK’s largest providers of transport, logistics and freight forwarding services and logistics technology – created by the consolidation of Adjuno, Allport Cargo Services, CM Downton, Jigsaw, NFT and Palletforce into a corporate structure under a new single brand.
All six companies are part of a platform of British logistics firms operated by global investment company EmergeVest.
Individually, the six companies are acknowledged experts in their respective fields with deep logistics heritage, strong recognition and market goodwill. Each will retain its own identity and continue to manage supply chains for the world’s leading brands.
EV Cargo includes four main operating segments: Express, Global Forwarding, Logistics and Technology. Operating under the group structure, EV Cargo will adopt a cargo-centric approach, focussing on customer needs across the entire supply chain by bringing together the best people, processes, technology and networks.
Championing innovation and sustainability, EV Cargo will maximise opportunities for efficiency and growth across existing and new markets. Continued investment across the network will fuel growth, drive acquisitions and ensure EV Cargo is powered by the best technology.
A key benefit of the increased scale of EV Cargo will be new opportunities for employees with enhanced career development paths across the group.
Ross Eggleton, NFT chief executive, said: “The moves allows NFT and its customers access to an expanded range of seamlessly-delivered services, creating added value and enhanced competencies under one brand. It’s an exciting period and we look forward to delivering on the opportunities for consolidation and business growth with the strength and financial backing of EV Cargo.”
Heath Zarin, EV Cargo chief executive, said: “We are excited to announce the creation of EV Cargo, bringing together our UK logistics and technology platform into a unified £850 million corporate structure. EV Cargo will continue our existing strategy of delivering mission-critical supply chain services powered by people, technology, innovation and sustainability. By working closer together and creating additional capabilities, we will provide new and existing customers with access to a wider range of leading-edge integrated solutions.”