Transport industry consolidation continues in SA

Transport and logistics company Peter Cochrane Transport has undergone further expansion with its buyout of Northern Kope Parcel Express Pty Ltd, an express freight and parcel company in country South Australia.

“Purchasing Northern Kope demonstrates PCT’s optimism in the future growth prospects of the SA economy, and shows that we put our money where our mouth is when it comes to backing country South Australia” says Peter Cochrane, PCT’s managing director.

“This deal adds high quality growth to our company and presents significant opportunities for efficiencies and economies of scale. Both PCT and Northern Kope run a large fleet of vehicles carrying freight to regional South Australia, so this move means we can provide even better service to our customers.”

Northern Kope services a vast geographical area including the Iron Triangle, Eyre Peninsula, South East and Riverland, with a distribution network that reaches 154 towns across South Australia. It has over 50 employees and dedicated subcontractors and handles more than 600,000 consignments each year for its 3,000 customers.

Peter Cochrane Transport provides warehousing and distribution services, packing and delivering a wide range of products, including newspapers, magazines, hardware and bread to more than 1,200 South Australian retail outlets throughout Adelaide, its surrounding suburbs and SA regional areas.

Peter Cochrane started the business in 1975 with two trucks and now operates a fleet of more than 120 vehicles and has 200 employees.

Northern Kope Parcel Express will continue to operate from its headquarters at Wingfield, retaining all 50 staff and subcontractors.

Source: http://www.tandlnews.com.au/