Great news for Newport! Freight Movement, a beloved Welsh transport company, has dodged administration and safeguarded the jobs of 61 dedicated employees. 🎉
Founded in 1998, this family business fell on hard times due to mounting costs and the closure of a depot. But in an amazing twist, Monex Distribution Ltd, part of the Monex Group, has stepped in and bought the business, ensuring its future and maintaining service continuity.
Freight Movement is renowned for its extensive UK delivery network, covering everything from small packages to large consignments. Now, as part of Monex Group, they’re set to reach new horizons with stronger support and exciting growth potential.
James Howells, CEO of Monex Group, expressed his excitement about the acquisition, highlighting the strong heritage of Freight Movement and the promising future ahead. With nearly three decades of successful operations, this firm is poised to thrive once more.
This rescue offers the best return for creditors and prevents disruption for existing customers—a remarkable save given the recent sector challenges post-Brexit and COVID. Thanks to quick actions from everyone involved, we’re witnessing a classic revival story in the heart of Wales.
Stay tuned for more inspiring updates as Freight Movement, under the Monex wing, gears up to embark on its next chapter! 🚛✨