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 […]
TNT Express has extended its delivery before noon service to more locations across Europe, including the UK.
Hermes has invested in 100 new vehicles as part of a fleet replacement programme, which will also assist it with additional parcel volumes. The parcels firm has made a multi-million pound investment in 86 vans, a mix of 7.5-tonne, 12-tonne and 18-tonne vehicles, which will be used for radial depot work. It has also added 14 tractor units to its trunking operation, collecting from customers and distributing to its hub and depot network. All the new vehicles have automatic gearboxes […]