£17m investment prompts logistics group to deliver changes
A MIDLANDS logistics firm has invested in a new range of services to strengthen its position in the marketplace.
The move by Panther Warehousing follows its £17m LDC-backed MBO in April.
The Northampton-based company, which has a main depot in Rugby, is a niche supplier in both the two and one-man delivery sectors.
LDC is keen to see the company instigate growth and the firm said it was confident that the launch of the new services would take it to the next level.
The new services, which are set to go live on September 1, are intended to benefit both the retailer and end customer and are in response to changing trends in the marketplace.
The new services include:
- The introduction of a two-hour delivery window
- Later cut off times up to 10pm still with next day delivery
- Sunday deliveries
- Saturday and Sunday collections for Monday delivery
- Bank Holiday collections for next day delivery
Colin McCarthy, managing director of Panther, said: “As online shopping, particularly within both the home furnishings and consumer electronics sector, continues to grow it is essential that we continue to support the market in order to meet the needs of customers.
“Since the beginning of 2016 we have invested over £2m in the development of a wider product offering.”
Panther first introduced its two-man, next-day white-glove delivery service in 2011. Since then the business has gone from strength to strength. It has more than doubled sales in the last two years to almost £40m, fuelled by the continued growth of online shopping.
It was recently ranked among the UK’s fastest growing firms in the Sunday Times Fast Track 100.