City Link parent Rentokil Initial is optimistic the troubled parcel carrier is on the road to recovery despite its latest results showing losses increased in the first three months of the year. In his statement to the market, Rentokil Initial CEO Alan Brown, says City Link losses were higher than the previous year but that performance of the business improved through the first quarter as its new management team started to implement their plans. Brown adds: “We expect a significant […]
The collapse of City Link triggered an influx of additional volumes into the large parcels market, Panther Warehousing MD Colin McCarthy has said.
UK Mail’s continued investment in its infrastructure, including the move from its Birmingham HQ to a new fully automated Ryton hub, resulted in a dip in pre-tax profit in the year ended 31 March 2015.
This year has seen many companies in the parcels sector thrive as carriers move record volumes and consumers continue to do more of their shopping online. But while this has encouraged some parcel carriers to invest heavily in their networks and offer more services to their customers, 2013 has also bought with it more challenges for many operators who have struggled to keep apace with the rapidly changing industry. Motortransport.co.uk has compiled a list of the biggest stories in that […]