Amtrak Express Parcels was a parcel delivery company in the United Kingdom.
It was founded in 1987 by Roger and Elaine Baines. Following financial difficulties due to the collapse of Farepak it was acquired by Netfold Limited.[1] Amtrak's turnover (annual revenue) was about £80 million. It had almost 1,000 employees.[2] The company's new chairman is Ron Series, and the new managing director is Alan Jones.
According to its website, Amtrak went into administration and ceased trading on 22 August 2008. UK Mail and the Business Post group will handle existing carriage and any future business.[3]
References
- ^ Amtrak Express Parcels Looks to a Bright Future Under New Ownership, prnewswire.co.uk, 17 Jan 2007
- ^ KPMG finds buyer for parcel business - Administrators sell Amtrak Express Parcels, Accountancy Age, January 16, 2007
- ^ Amtrak hits buffers for second time in 20 months, The Independent, 27 August 2008
- Financial Times, Aug 31, 2004. Companies UK: Amtrak posts £2m profit and plans to consolidate market. By Andrea Felsted. "Amtrak Express Parcels, the 3i-backed delivery business, has returned to profit and pledged to consolidate the over-crowded parcels delivery market."
- The Daily Telegraph March 21, 2001 – Delivery services: Key to success is meeting the customer halfway Quotes Joe Ingham of Amtrak.
- Credit Control, January 6, 2007 – KPMG successfully sells parcels company
- Accountancy Age, January 16, 2007 – KPMG finds buyer for parcel business - Administrators sell Amtrak Express Parcels
- The Daily Telegraph, October 14, 2001 – Postal services: Parcel of problems as delivery pushes envelope Article about Royal Mail mentions competition from Amtrak
- The Observer, Sunday May 16, 2004 – Woh, I'm going to Barbados – Alexander Garrett on the Caribbean's Little England - with some of the planet's costliest homes and planning more Interview with Amtrak founder Roger Baines
- The Times – December 23, 2004 – The glitch that stole Christmas – Problems mean that online firms are failing to keep up with demand Mentions that Amtrak "suffered huge difficulties when its computer systems failed and customers were left on hold for up to an hour."
External links
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