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 […]
Malcolm Group saw revenues fall 12.9% in the year ending 31 January 2021, after both its logistics and construction services and waste management divisions were impacted by the pandemic.
Transport for London’s (TfL) decision to remove the fleet autopay discount from the congestion charge will add thousands of pounds a year in costs to some operators and has been slammed by business groups as an additional tax on hauliers.
Pre-tax profit fell by almost a third at UK Mail in a year that saw the group move to a new hub and fit-it with incompatible parcel sorting technology.