23rd November 2018
Allport Cargo Services is one of six EmergeVest-backed companies forming EV Cargo. EV Cargo is a £850 million business focused on intersection of logistics and technology. Cargo-centric model delivers mission-critical supply chain services. Business will manage supply chains for world’s leading brands.
Allport Cargo Services, one of the UK’s leading freight forwarding providers 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 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.
Formed in 1963, and part of the Cargo Services Group since 2010, Allport Cargo Services is the UK’s leading provider of technology-enabled, international supply chain services to the retail sector. Cargo Services is now a strategic investor in EV Cargo and the parties have entered into a long-term cooperation agreement to continue their successful partnership.
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.
Charles McGurin, Allport chief executive, said: “EV Cargo will provide Allport Cargo Services with access to a range of new services, allowing us to enhance our offering and attract new customers. Working collectively with the other companies under one brand is an exciting proposition and we’re looking forward to making the most of the new opportunities this presents.”
John Lau, Cargo Services Group chief executive, said: “We are pleased to play a leading role in the creation of EV Cargo, which is an important milestone in the development of the Cargo Services Group and a natural continuation of our involvement in EmergeVest. We remain committed to Allport Cargo Services and Adjuno on a long-term strategic basis. By joining our businesses together, we expect to provide our customers with an extended range of leading and innovative services, whilst continuing to invest in technology-enabled supply chain services.”
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.”ing-edge integrated solutions.”