TNT’s new Swindon DC is complete and in use, and is expected to be fully operational by the end of the year. The parcel hub and adjoining depot on Highworth Road, Swindon, was developed by IDI Gazeley over a 26 week period. TNT reportedly chose the site because of its proximity to junction 15 of the M4, which it said will provide fast connections to customers across the south and south west. Simon Harper, director of operations at TNT UK, […]
City Link’s new MD has put in place a three-year turnaround strategy at the struggling parcels business in the wake of “disappointing” losses. The plan will see City Link break-even within the next four months, make a profit by Q4, and become a £500m business in the next three years, through a combination of improved customer service, reduced operational costs and a focus on winning profitable business, rather than chasing volumes. Speaking to MT.co.uk, new MD Dave Smith, who joined […]
Rentokil Initial has sold City Link to turnaround investment firm Better Capital.