Analysts have said the planned sale of DHL Express’s same-day domestic business will create another major player in the market to compete with CitySprint, and is unlikely to affect DHL’s profitability. Frank Proud, director at Apex Insight said the deal will see Rico Logistics, the company set to buy the business later this month, become a major competitor for CitySprint. “Rico Logistics is joining CitySprint in buying up other operators to build up the scale up their nationwide sameday courier […]
UPS and TNT Express have submitted remedies to the European Commission to address its competition concerns, extending the review period further. The submission extends the EC’s review period by 15 business days to 5 February 2013. The proposed remedies involve the sale of the business activities and its assets. UPS needs to ensure the long-term viability of these activities and the continuity of service already provided by TNT Express. In order to receive approval, the EC will market-test the remedies. […]
Foodservice provider Bidfood is looking to recruit drivers and warehouse staff at its newly opened depot in Penrith, Cumbria.
TVS Supply Chain Solutions has acquired same day courier and technology company Rico Logistics for an undisclosed sum. TVS, which specialises in supplying spare parts to the automotive industry – including Isuzu Truck, MG Motor and Dennis Eagle – has an annual global turnover of six billion dollars and has acquired Rico Group as part of its European expansion plan. It has acquired the majority shareholding of Rico Group, whose services include a same day courier service throughout the UK […]