CitySprint experienced a 41% rise in same day retail deliveries in June, but saw a 15% drop in orders during the Olympic games. The same day distribution company reported that orders were up 10% on figures for April and May, during a month of unseasonably wet weather that saw shoppers avoiding the high street. Patrick Gallagher, CitySprint chief executive, said: “Whilst delivery volumes fluctuate throughout the year, June was a particularly strong month for us, and I suspect that this […]
CitySprint is continuing its acquisition spree with the take-over of Southampton-based courier firm Dash-It, its third deal since the beginning of September.
Private equity firm Lloyds Development Capital (LDC) has bought an undisclosed stake in CitySprint in a deal which values the same-day courier at £175m.
An attempt to introduce £200 parking fines on the Olympic Route Network (ORN) and beyond has been defeated. Operators working in the capital during the Games this summer had faced a hike in Penalty Charge Notices (PCNs) from £130 to £200 on the ORN. They had also faced the prospect of the fines being extended beyond the ORN to nearby roads, after London’s boroughs decided it would help tackle congestion adjacent to the route. While trade groups, including the FTA […]