City Link narrowed its losses by 54% in 2012, but a reduction in volumes from higher margin B2B customers meant that its performance was behind the expectations of parent company Rentokil Initial. The parcel firm’s pre-tax loss shrunk to £35.9m for the year ended 31 December 2012, from a loss of £78.3m in 2011. City Link said it the reduction had come from improvements to driver efficiency, which saw it move to a variable pay scheme for owner-drivers and improve drivers’ routes. It also reduced trunking, warehouse […]
Yodel made its seventh loss in a row in the year ended 30 June 2016, while its sister company Arrow XL saw its pre-tax profit leap by more than 500%.
Pollock (Scotrans) said enhanced customer relationships and new contracts helped it increase turnover by 4% last year.
The Traffic Commissioners for Great Britain have launched a consultation to look at whether the financial resources test for restricted operator licence holders need to be increased.