Amtrak Express Parcels

Amtrak Express Parcels

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. [ [http://www.prnewswire.co.uk/cgi/news/release?id=188235 Amtrak Express Parcels Looks to a Bright Future Under New Ownership] - 17.Jan.2007 prnewswire.co.uk] . Amtrak's turnover (annual revenue) was about £80 million. It had almost 1,000 employees. [* [http://www.accountancyage.com/accountancyage/news/2172606/kpmg-finds-buyer-parcel Accountancy Age, January 16, 2007 – KPMG finds buyer for parcel business - Administrators sell Amtrak Express Parcels] ] 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 22nd August 2008. UK Mail and the Business Post group will handle existing carriage and any future business. [http://www.independent.co.uk/news/business/news/amtrak-hits-buffers-for-second-time-in-20-months-909771.html]

References


*"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."
* [http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2000/10/23/cbdel23.xml The Daily Telegraph March 21, 2001 – Delivery services: Key to success is meeting the customer halfway] Quotes Joe Ingham of Amtrak.
* [http://www.creditcontrol.co.uk/news/2007/01/00980.htm Credit Control, January 6, 2007 – KPMG successfully sells parcels company]
* [http://www.accountancyage.com/accountancyage/news/2172606/kpmg-finds-buyer-parcel Accountancy Age, January 16, 2007 – KPMG finds buyer for parcel business - Administrators sell Amtrak Express Parcels]
* [http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2001/10/15/cbdel15.xml The Daily Telegraph, October 14, 2001 – Postal services: Parcel of problems as delivery pushes envelope] Article about Royal Mail mentions competition from Amtrak
* [http://observer.guardian.co.uk/cash/story/0,6903,1217585,00.html 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
* [http://business.timesonline.co.uk/tol/business/industry_sectors/retailing/article405212.ece 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

* [http://www.amtrak.co.uk/ Amtrak official web site]


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