The cost of rolling-out and running Whistl’s end-to-end final mile delivery service had exceeded £10m by the end of 2014, newly published accounts reveal. The service, which Whistl officially killed off earlier this month, saw costs associated with the network, in what was ultimately a failed bid to take on Royal Mail, balloon from £2.1m in 2013 to £10.3m last year. Following financial backer LDC’s decision to withdraw support for the final mile venture in April – at that time […]
City Link and its former parent Better Capital are “morally, if not legally, responsible” for the financial difficulties that some of its creditors now face, a group of MPs looking into the collapse of the company have said.
DX Group has acquired almost half of last-mile delivery firm Gnewt Cargo for £1.75m.
Online food orders soared 99.2% in October and web sales grew 60.1% year on year, sparking warnings that operators will need to review their planning ahead of the Christmas peak.