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 saw its highest ever daily volumes across its parcels and mail divisions in March, the firm reported in its pre-close trading update today (9 April), but would not reveal the actual numbers.
Keith Basnett has joined UK parcel distributor Yodel as chief operating officer after eight years in the same role with ‘digital department store’ the Shop Direct Group.
B2C parcel giant DPD says it is enhancing its green credentials by providing carbon neutral shipping from its five major European markets at no extra cost to the customer. The initiative, badged Total Zero, will see the company build on measures to reduce its carbon footprint as well as buy carbon credits to offset remaining CO2 from its 2.5m daily parcel movements. From July, business and consumer shipments to all destinations around the world from France, Germany, UK, Netherlands, Belgium […]