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 […]
APC Overnight has appointed board member Karl Brown as CEO, replacing former CEO Syed Ziaullah who steps down for personal reasons.
Palletways Group has been bought by South-African group Imperial Holdings in a transaction worth £163m.
UK Mail Group has made a “satisfactory” start to its financial year, with revenue up by 13% compared with the same period last year, or by 10% if excluding Royal Mail price hikes implemented on 2 April. First-quarter results, for the period 1 April to 10 July, show mixed fortunes across the group’s four divisions – parcels, mail, courier and pallets – with tight cost control remaining a key focus across the board. The parcels business showed good growth in […]