As many as 2,000 Whistl employees in the UK are facing the threat of redundancy, after the company took the decision to suspend its final mile delivery service. Whistl, previously known as TNT Post, said it had made the “difficult decision” to suspend the service in London, Manchester and Liverpool, after potential investment partner LDC, a branch of Lloyds Banking Group, decided against funding the company’s expansion plans, late last month. The operator said: “Following the announcement from LDC that […]
Challenging market conditions in the UK and Europe combined with the loss of a major fashion contract saw pre-tax losses widen and turnover fall at TNT UK last year.
DPD is expanding a number of its sites and investing in a new sorting hub and depots to handle increased demand from online retailers. The £175m investment, which follows a period of growth after the launch of its Predict service, includes a £12m investment in building 10 new depots, £20m of funding to upgrade its Sheffield and Thetford depots, as well as opening a £100m East Midlands sorting hub. The expansion is expected to create 1,500 full-time jobs. A spokesman […]
ByBox has secured a partnership with Big Yellow Self Storage, as part of a £2m investment to expand its network of parcel locker boxes across the UK. Nine new ByBox locker terminals have already been rolled out at Big Yellow’s sites in Camberly, Hounslow, West Norwood, North Kensington, Battersea, Birmingham, Fulham, Sutton and Watford with further locations in the pipeline. Launched in 2010, ByBox operates a network of secure locker terminals at 400 locations in retail parks, supermarkets, shopping centres, […]