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 majority of online shoppers are unwilling to pay extra for premium parcel delivery, despite demanding greater choice and flexibility, a Hermes survey has revealed. The carrier has stressed the importance of offering a variety of delivery options, after a survey of 1,000 e-retail customers, commissioned by Hermes, found that many did not want to pay extra to cover the additional cost of evening deliveries, despite wanting access to parcels in the evening. Hermes sales and marketing director Gary Winter […]
Suckling Transport delivered an 8% rise in pre-tax profit in the year to 31 December 2015, according to its latest annual results.
No doubt about it, 2012 was incredibly tough for UK logistics operators. Profits were low, costs were high and obtaining credit to invest remained hard. The double-dip recession we all feared is in danger of turning into triple-fall and GDP growth was more sluggish than a snail on valium. Forecasts for growth in 2013 range from 1% by the Bank of England (BoE) to 1.4% by the Confederation of British Industry, with the BoE also predicting that it will be […]