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TNT’s first quarter sales were up 8.9 per cent to 2,647m euros while the profit from continuing operations was up 6.9 per cent at 216m euros. The logistics division, which is up for sale, saw losses increase from 8m to 11m euros.

Chelsea (General Partner), the joint venture company between Chancerygate and clients of Insight Investment, has sold the Union Quay warehouse on Clayton Road, Hayes in Middlesex to Property and Management Services for £6.756m.

The UK division of logistics company UTi Worldwide has taken a sub-lease on Whatman International’s warehouse on the Larkfield Trading Estate, New Hythe Lane, Aylesford, Kent.

It’s arguable that global sourcing is changing traditional distribution patterns. But now, with the road transport system being affected by the rising price of fuel, are we now entering a new era where intermodality rules?

While much of the focus has been on the recent spate of takeovers in third party logistics providers, NYK Logistics has been quietly building its market share in the UK.