Tuffnells Parcels Express contributed £114m of revenue and £9.7m of operating profit to its new owner Connect Group in the year to the end of August, group chief executive Mark Cashmore has revealed. The parcels firm – which Connect Group acquired in November last year and subsequently said was exceeding expectations – put in a “really strong performance” in the eight months to the end of the financial year, bringing on around 1400 new customers, growing business from existing clients […]
Stan Robinson Group saw its pre-tax profit leap last year despite a marginal increase in turnover.
DPD is expanding a number of its sites and investing in a new sorting hub and depots to handle increased demand from online retailers. The £175m investment, which follows a period of growth after the launch of its Predict service, includes a £12m investment in building 10 new depots, £20m of funding to upgrade its Sheffield and Thetford depots, as well as opening a £100m East Midlands sorting hub. The expansion is expected to create 1,500 full-time jobs. A spokesman […]