City Link will need to improve account management and customer service if it is to become profitable again, analysts said, following its sale to private equity investor Better Capital. Experts said the carrier has a better chance of completing its turnaround programme without pressure from former parent Rentokil Initial after suffering five consecutive years of losses. Frank Proud, director at Apex Insight, told MT: “Completing this turnaround in a more discreet environment of private equity ownership will probably come as […]
TNT Express has admitted that it is unlikely to hit its profit improvement target for 2015, following an increase in competitive pressures and poor trading conditions in Europe.
DHL Express has revealed that it intends to sell its same-day domestic business to technology distributor Rico Logistics later this month, as it continues to focus on the international express market.
The government has rejected calls from two select committees for an urgent change in insolvency law, after the collapse of City Link last Christmas left sub-contractors and non-secured creditors £30m out of pocket.