Price increases and a rise in parcel volumes have contributed to Royal Mail Group’s continuing rise in annual profit and turnover, the firm said today. Its UK parcels, international and letters (UKPIL) division, which encompasses its Royal Mail and Parcelforce Worldwide brands, saw year-on-year EBITDA before transformation costs jump 45% to £775m for the 53 weeks ended 31 March 2013. This compared with £533m for the 52 weeks ended 25 March 2013. Division turnover increased by 6% to £7.6bn (2012: […]
Laser Transport International suffered a “savage” financial hit due to the devaluation of the pound in 2016 after the UK’s vote to leave the EU, newly published accounts show.
Fortec has launched a corporate division as it looks to expand its reach with larger, national customers and attract more “blue-chip” clients to the network. The Daventry-based pallet network says the new division was necessary as national and international accounts often require too much funding upfront for individual network members to be able to take on. Neil Hodgson, Fortec MD, says: “This type of business is beyond [most members’] reach in terms of financial risk and scale. However, through bringing […]