City Link parent Better Capital has revealed it will inject more money into the the parcel carrier in a bid to turn the loss-making business around. City Link narrowed its deficit by 40% in 2013, posting a £21.1m pre-tax loss (2012: £35.9m loss). This came despite a 10% decrease in turnover from £321m in 2012 to £289m in 2013, as it moved away from loss-making contracts. The company described the results for the year to 31 December 2013 as a […]
Royal Mail offset declining letter volume with its growing parcels operation in a year that saw it surpass the £10bn turnover mark for the first time, but saw pre-tax profit fall by more than a third (37%).
Hargreaves Services has warned that its transport division’s operating profit may fall by £500,000 this year due a decline in the coal, steel and construction markets.
Profit margins continue to be held back by customers’ reluctance to increase rates, John G Russell (Transport) chief executive, logistics, Alan Poulton has warned.