A combination of organic growth in its same-day distribution business and the acquisition of six companies last year helped courier firm CitySprint increase its turnover. Turnover rose 11.4% to £112.6m for the year ended 31 December 2013 (2012: £101.1m), which it attributed to growth in its core same-day business and making “selective acquisitions”, including Dash-It, Bullit Couriers and Heathrow Baggage Services. Its earnings before interest, tax, depreciation and amortisation (EBITDA) increased 15.4% from £10.6m to £12.2m in the same period […]
Tuffnells Parcels Express contributed £114m of revenue and £9.7m of operating profit to its new owner Connect Group in the year to the end of August, group chief executive Mark Cashmore has revealed.
DX Group has entered an agreement to sell its Business Direct operations to ByBox Field Services by 21 December, disposing of its overnight parts distribution service.