TNT Express is to spend €185m (£145m) improving its European road network during the next four years as part of its strategy to move more by road. The parcel carrier, which last month warned that it is not likely to hit its 2015 profit target, plans to refresh its trailer fleet, and has already put 100 new trailers into operation as part of this, a spokesman confirmed. The investment also includes an upgrade of its scanning and sorting equipment at […]
Operators struggling to meet financial standing can now be offered a period of grace of up to a year to get themselves on a firmer footing, according to transport lawyers.
The management team at Derby Express Couriers (Overnight) have completed a management buy-out (MBO). The Derby-based overnight courier company, which is part of the APC Overnight parcel delivery network, was sold by founding shareholder Nick Taylor to directors Lorraine Sharp and Susan Hill. “Susan and I are privileged to be able to lead the business to the next stage,” said Lorraine Sharp, who has worked at Derby Express for 12 years. “We take pride in offering a quality and reliable […]
Owens (Road Services) saw pre-tax profit rise 14% last year as it invested heavily in its fleet and focused on maintaining a competitive edge.