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Nexday now US controlled

12th January 1989
Page 14
Page 14, 12th January 1989 — Nexday now US controlled
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Which of the following most accurately describes the problem?

• Northampton-based parcels carrier Nexday has come under the majority control of an American investment group.

Jim Zockoll, head of Zockoll Holding Group, has taken a major stake in the carrier, which operates 78 commercial vehicles, 35 cars and has 15 owner-drivers.

Founders Allen _lesson and Tim Pryce stay on as managers. Pryce has refuted suggestions by the managing director of Federal Express, Colin Millbanks, that Nexday is considering moving to a franchised carrier system: "We will never use franchisees," he says.