City Link cut its first quarter losses by more than a third but remained loss-making ahead of its sale to turnaround investor Better Capital. The parcel carrier cut its first quarter adjusted operating loss by 36% to £8.1m (2012: £12.7m) during the first three months of 2013. Former parent Rentokil Initial’s first quarter results also revealed that the operator’s turnover was slightly down at £72.7m (2012: £73.5m). Rentokil Initial chief executive Alan Brown said City Link’s results were “in line […]
Hermes has teamed up with ByBox to offer a parcel locker delivery and collection service for SMEs and online retailers.
Stobart Group saw turnover in its core transport and distribution division climb in the first half of its financial year despite “considerable demand volatility”, although profit was flat.
A “buoyant” UK logistics market helped Norbert Dentressangle (ND) boost overall third quarter 2012 revenue by 10% to €2.9bn. Turnover growth was reported across all three of ND’s business divisions, with much of this down to the acquisition of new business. Logistics revenue for Q3 2012 increased 6.4% compared to Q3 2011, with like-for-like income up 2%. Year-to-date, logistics division revenue is 13.7% ahead at €1.3bn (2011: €1.15bn). Transport operations fared less well in Q3, with revenue down 0.1% to […]