Tuffnells Parcels Express contributed £114m of revenue and £9.7m of operating profit to its new owner Connect Group in the year to the end of August, group chief executive Mark Cashmore has revealed. The parcels firm – which Connect Group acquired in November last year and subsequently said was exceeding expectations – put in a “really strong performance” in the eight months to the end of the financial year, bringing on around 1400 new customers, growing business from existing clients […]
Confidence among logistics operators has surged in the last six months with nearly 85% expecting their turnover to increase during 2014, a new survey has shown.
DSV Road MD René Falch Olesen said that the economy in 2012 had affected the firm’s profit in what was a “satisfactory” year for the operator.
Royal Mail has warned for a second time that competition from other carriers, this time Amazon’s own delivery network, will damage its growth prospects.