Whistl saw its pre-tax profit crash by more than 400% last year after ending its foray into the final mile delivery market, but predicts it will have recovered by the end of 2016. The company abandoned the final mile trials it was running in Manchester, Liverpool and London in June 2015 after its financial backer LDC withdrew its support. CEO Nick Wells accused Royal Mail of “screwing” Whistl’s operation by behaving anti-competitively. An Ofcom investigation into final mile access is […]
Royal Mail will launch the UK’s largest click and collect network later this year, introducing the service to over 10,000 Post Office branches.
Saints Transport saw a dramatic drop in pre-tax profit in 2016, in a year that saw the company undergo a major fleet renewal and chairman Piers Carroll complete an MBO.
The basket of MT shares has only drifted northwards by 7p in the past seven days. But growth at the rate of a penny a day is a fair old shift for a traditionally quiet time of year in the road transport industry, indicating that there is a lot of sentiment backing the success of Britain’s transport firms.