Rico Logistics UK and Europe has appointed a new MD, Paul Parrish. Parrish joins the same-day logistics and parts distribution company following the integration of DHL’s UK Same-day business, which it acquired in October 2013. An interview with Keith Whitehead, head of strategic development, last November, revealed the business was hungry for more growth, with the company looking to make acquisitions within the service logistics sector with financial backing from Goldman Sachs, as well as KKR via parent company TVS […]
Despite selling a majority share to Rico Logistics in January last year and exiting its Company Voluntary Agreement (CVA) early, Circle Express made a loss last year.
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 […]