Load exchange service provider Transport Exchange Group has seen a 20% increase in annual transactions, mainly driven by growth in the number of hauliers and freight forwarders using its Haulage Exchange service. Last year it handled more than 462,000 transactions as operators looked to reduce costs, empty running, and the impact of the rising price of fuel. Compared to 2012, it also saw a 12% rise in the number of active users to over 5,000 across its Haulage Exchange and […]
Private equity firm Lloyds Development Capital (LDC) has bought an undisclosed stake in CitySprint in a deal which values the same-day courier at £175m.
HMRC has responded to MP Frank Field’s call for an investigation into low pay at Hermes, stating it had referred his evidence to the “appropriate compliance teams for consideration”.
The surge of e-retailing is presenting parcel carriers with a conundrum: how do carriers profit from the rapid surge in B2C volumes, while ensuring their networks are able to cope with capacity demands? Hayley Pink reports Peak period capacity is at breaking point, City Link MD David Smith warned an industry conference in June, with the 2012 Christmas period posing a record challenge for carriers and retailers alike. Smith says there has been no new capacity in the industry since […]