City Link parent firm Rentokil Initial says its recovery plan for the parcels courier is on track despite posting an £18.5m operating loss for the first six months of the year. This 3.8% year-on-year reduction of its operating losses came as revenue rose 3.5% to £149.5m for the six months ending 30 June. Alan Brown, CEO at Rentokil Initial, says: “We expect losses to reduce further in Q3 and for the business to be profitable in Q4.” Revenue for the […]
UK Mail has opened a new depot in Middleton, Greater Manchester, in response to growing demand from both B2B and B2C parcel customers.
TNT Express has seen a drop in both turnover and operating profit, following the loss of a contract with a major fashion retailer in the UK.