The ongoing threat of strike action at Royal Mail has encouraged many of its customers to switch to rival carriers, while growth in new contracts has slowed, the firm admitted in its half year results. As a result, the recently privatised carrier expects that parcel volumes for the nine months to December 2013 will remain broadly unchanged, depending on the strength of the Christmas peak. Its results for the six months ending 29 September 2013 show a 147% growth in […]
Kuehne + Nagel says it is on track to reach its goals for profitable growth, despite a slip in turnover and EBITDA in its road and rail business.
Nearly 150 former City Link staff are preparing to take group employment action against the failed parcels carrier in the hope of receiving a larger compensation payout.
Chilled food distribution specialist NFT has seen its turnover and pre-tax profit rise at the same time as signing a five-year refinancing package with HSBC. Turnover increased by 8% to £152.4m for the year-ending 31 March, from £140.9m a year ago. Pre-tax profit rose 60% from £1.4m to £2.2m. Its shared user transport network delivered an average of 39,000 pallets a week of food and general merchandise in the financial year, an increase of 40% year-on-year. A contract with an […]