Rentokil Initial has sold City Link to turnaround investment firm Better Capital. City Link MD Dave Smith will continue to lead the company through its transformation programme, under the deal, which will see Better Capital invest in the parcel carrier. The change of ownership, which is effective as of today (29 April), will secure £40m in future funding for City Link. MD Dave Smith said: “This is great news for our customers and our colleagues. We will all benefit from […]
CollectPlus is opening a Parcel Point operation at the Meadowhall Shopping Centre in Sheffield, enabling customers to drop-off packages and collect online purchases while shopping. More than 25 million shoppers use Meadowhall each year, and CollectPlus says the new service will help extend and enhance its network of sites located at 4,700 corner shops and petrol stations. Mark Lewis, CEO of CollectPlus – a joint venture between parcels giant Yodel and Pay Point – says: “For Meadowhall’s busy shoppers and […]
APC Overnight saw record 30% increase in year-on-year volumes over the Christmas peak, the parcel network said. To keep up with demand, the network increased trunk levels by 35% compared to 2011’s peak figures and fleet numbers increased by 20% across its network of 115 depots. Chief executive Syed Ziaullah said it began holding regional meetings in September to plan for the peak and sent out delivery predictions to each depot to help them plan for the volume uplift. Staffing […]
TNT Express has admitted that it is unlikely to hit its profit improvement target for 2015, following an increase in competitive pressures and poor trading conditions in Europe.