Same day courier CitySprint has acquired Heathrow Baggage Services, its third acquisition in three months. Operations and staff at the luggage delivery, replacement and repair company, have been transferred to the courier’s luggage delivery arm CityBags, which was created when Lewis Day courier operations was acquired by CitySprint in 2011. Heathrow Baggage Services founder and MD George Poole said it will be working closely with CitySprint to ensure that business continues as usual for its customers. CitySprint chief executive Patrick […]
Leicester-based packaged chemicals logistics provider HW Coates Holdings has declared another rise in turnover for its last financial year but a significant decline in profits.
TNT Express has announced the intended sale of its Dutch TNT Fashion Group operation to a consortium formed by Belgian fashion and lifestyle logistics firm Belspeed and Turkish logistics and transport conglomerate Netlog Group.
Stobart is still restructuring the former Innovate business it acquired out of administration in 2008 – a process that has been “more challenging, costly and further reaching than first planned”. The admission came as Stobart Group revealed profit rose 10% at its transport and distribution division (Eddie Stobart) to £14.2m in the first six months ended 31 August. This was despite a 5.6% fall in turnover to £251.1m. “We have improved our margins in [Eddie Stobart] through more effective financial […]