DHL Express completed the sale of its same-day domestic business to Rico Logistics last week. The same-day and parts distribution company said the deal, its first acquisition, has seen its fleet grow to 1,400 vehicles across 35 sites nationwide when the two businesses began to operate together on 1 November. Rico’s director of sales and marketing, Martin Cheeseman, told MT.co.uk: “The investment by TVS has brought about some significant changes to Rico. These changes focus on growing the organisation, both […]
Parcels distribution firm Yodel says it is working with immigration officials following a raid at one of its depots in Surrey last Friday (3 May) that resulted in the arrest of 10 men working there.
Challenging market conditions in the UK and Europe combined with the loss of a major fashion contract saw pre-tax losses widen and turnover fall at TNT UK last year.
DHL Express is planning to invest £30m in its network of depots and hubs over the next four years. UK and Ireland chief executive Phil Couchman revealed exclusively to MT that the logistics giant plans to expand capacity nationwide as a result of demand for international express deliveries over the past 12 months.