DHL Express almost doubled its UK pre-tax profit last year thanks to a significant rise in inbound volumes and an increase in its share of the global express market. Financial statements for DHL International (UK), which trades as DHL Express in the UK, reveal a 95.9% jump in pre-tax profit to £9.7m (2012: £4.9m) for the 12 months to 31 December 2013. This was off the back of an 11.7% increase in turnover from £544.8m to £608.9m in the same […]
UK logistics is pretty much a private, and foreign, affair. The operators sitting at the top of the MT Top 100 are German, Swiss, Dutch , French and American. Looking at UK-based firms, very few sit on the London Stock Exchange (LSE). The number of UK logistics firms turning to the City as a means of investment has dwindled, ever since the Malcolm Group withdrew its listing in 2005. Last month Autologic was struck of the list after fellow publicly-listed […]
The threat of a tanker driver strike could now be averted, as the Unite union and fuel distribution companies reach agreement over a new set of proposals. Unite has also been given an extended industrial action mandate of 21 May to allow it time to discuss the new proposals with its 1,200 tanker driver members. Peter Harwood, Acas chief conciliator, who has been heading up the negotiations, says: “Following a further two days of intensive discussions, a final set of […]
Marks & Spencer was stung with a £13.1m net charge last year in its UK logistics operation as it pushed ahead with the restructure of its Clothing & Home distribution network to a single-tier format.