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 […]
The European Commission’s decision to prevent UPS from acquiring TNT Express “risks reducing competition, not increasing it”, an analyst at Transport Intelligence said. UPS has now pulled out of its multi-billion Euro plans to take over TNT Express, which the logistics analyst believes highlights the scale of the challenges the US parcel carrier faced in regard to meeting the regulatory requirements. Transport Intelligence head of consultancy Joel Ray said: “Their decision making process looks flawed, caused by a fundamental lack of […]
The Nightfreight name will disappear from UK roads as its parent company, DX Group, revealed its fleet will be re-liveried as it strengthens the acquisition it made last year.
Parcel carrier APC Overnight has revealed that all of its LGV drivers have completed the Driver CPC. Its drivers have all completed the compulsory 35 hours of training two years ahead of the September 2014 deadline. Transport manager Surjit Ram said: “Road safety is imperative in any logistics firm, particularly one the size of APC, so to have our drivers qualified to the highest standard in their field gives us added confidence that every aspect of our service is top […]