UK Mail remains confident about its long-term prospects, and has now got a handle on problems at its new sortation hub that are set to have a significant impact on its full year earnings. In a trading statement released today, the group said its overall group performance was “in line with [the] revised expectations” outlined in its latest figures for the year ending 31 March 2015. The operator was forced to move to its new hub in Coventry because […]
Are there signs of recovery? Well, if the MT basket of transport shares is anything to go by there has been a little bit of growth in the past month. But this doesn’t tell the full story for all of our big eight transport firms listed on the London Stock Exchange.
City Link appointed administrators on Christmas Eve, temporarily suspending all operations over Christmas, citing continued “substantial losses over several years” and admitted it would be unable to accept new parcels due to the further losses it would incur.
Parcel carrier Worldwide Logistics and Distribution (WWLD) has acquired two-man delivery firm HTH Logistics, which trades as Home Direct Logistics.