DX Freight
 | |
| plc | |
| Industry | Courier, Logistics |
Area served | United Kingdom & Ireland |
| Products |
Logistics Delivery to home Large parcel express International Delivery |
| Website |
www2 |
DX Freight (Previously known as Nightfreight GB) offers an overnight delivery and logistics service, both within the United Kingdom and internationally.
History
Nightfreight GB was first founded in 1984. A year later in 1985, an ‘working cooperative’ with several like minded transport companies was formed. This was to help each other, with parcel deliveries around the country. The original group consisted of seven depots, and a hub operation in Willenhall. Over the next few years, the Nightfreight network grew rapidly, with new members joining the consortium.
In 1990, a purpose built hub was introduced in Willenhall, and the company developed and introduced a computerized parcel tracking system (NightTrak). This was to speed up the operation of the company. During the early 1990s, various companies that had previously been consortium members, became owned subsidiaries of the company. In August 1993, it was listed on the London Stock Exchange as a PLC until January 2001, after which the company was placed back into private ownership.[1] In 1995, Hay Pollock was acquired, which subsequently became the International and Logistics arm of the company.
In April 2004, a new home delivery service, Deliver2Home, was launched adding to the 1-man home and white glove 2-man Pacemaker delivery services. The company over time developed a niche in delivering irregular dimension and weight, or IDW, freight and soon became the market leader within that specific segment. Nightfreight operated a fleet of over 1000 vehicles and employed over 2,500 people, spanning across 3 hubs and 52 depots around the United Kingdom.
On 27 February 2014, DX Freight announced its First Day of Dealings on the AIM Stock Market.[2]
Acquisition
On 15 March 2012, Nightfreight GB was acquired by the DX Group, resulting in a business with combined revenues of approximately £300m per year. The acquisition created the United Kingdom & Ireland's largest independent mail, courier, and network distribution service provider.[3]
References
- ↑ Osborne, Alistair (30 January 2001). "Johnson makes a freight packet". The Telegraph. Retrieved 25 April 2011.
- ↑ "London Stock Exchange welcomes DX Group to AIM". economicvoice.com. 27 February 2014.
- ↑ "DX buys parcel logistics and home delivery firm Nightfreight". postandparcel.info. 16 March 2012.