UK Mail expects volume growth in its parcels division to slow down in the second half of this year as it continues to feel the effects of a weakened retail market and poor volumes in the second quarter. Turnover in its parcels division increased 3.4% to £109.4m (2013: £105.8m) in the first half of this year, while operating profit increased marginally to £11.2m. Average daily parcel volumes increased 6%, but the majority of volume growth came in the first quarter […]
It is amazing what an up-beat trading statement can do. Transport related shares have been stuck in the doldrums for a while, but all it took was for UK Mail to say it saw its highest ever daily volumes across its parcels and mail divisions in March, and it is jolly hockey sticks all round
Removals firm Pickfords raised its profit before tax by 141% in the year to 30 September 2014, its latest annual accounts have shown.
Same day courier firm CitySprint has completed its third acquisition this year with its purchase of Enfield-based The Courier Service.