City Link’s management had laid out plans to pull out of the B2C market and refocus the courier’s efforts on attracting higher-margin business shortly before its collapse, it has emerged. A report published by administrator Ernst & Young (EY) also revealed that the troubled parcels carrier saw a net loss after tax of £44.4m for the year to 24 December, on a turnover of £243.5m. In the face of this, City Link’s management had devised a turnaround plan a month […]
This year’s most read was dominated by the sad demise of national haulier Canute, which never recovered from the end of its long-term contract with retailer Wilko last year.
Montgomery Transport founder Harold Montgomery has confirmed the demise of Birds Transport & Logistics, bringing the curtain down on a tough period for the well known Midlands firm.