Peter Cochrane Transport nails Northern Kope deal


Business as usual at bought firm's Wingfield HQ as Cochrane adds 50 staff and contractors to books

Peter Cochrane Transport nails Northern Kope deal
Peter Cochrane Transport nails Northern Kope deal
August 31, 2011

Peter Cochrane Transport (PCT) has confirmed the deal to buy Northern Kope Parcel Express from ParcelDirect Group.

According to the South Australian transport and logistics company, Northern Kope will continue to operate from its headquarters at Wingfield and will retain its even mix of 50 staff and subcontractors.

"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," PCT Managing Director Peter Cochrane says.

"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 broad geographical area including the Iron Triangle, Eyre Peninsula, South East and Riverland, with a distribution network that reaches 154 towns across the state.

It
operates with 24 vehicles in Adelaide.

"The company owned vehicles are predominantly a mix of Isuzu and DAF and over time we will begin an upgrade of the company vehicles to bring them into line with the Cochrane’s fleet in terms of age and type," a spokesman says.

"Northern Kope contracts out its linehaul to the key country SA destinations with 8 dedicated linehauls each night to regional areas – predominantly B-Doubles.

It
currently operates
from leased premises at Wingfield – 13,000 square metre
site with 5,500 square metres
under cover – and handles more than 600,000 consignments each year for its 3,000 customers.

PCT 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 seven days a week.

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

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