Profit fell by almost a third at Royal Mail in the first half of the current financial year, as the business invested heavily as part of its ongoing modernisation. A trading statement for the six months ending 27 September 2015 released today records a 30% decline in pre-tax profit, which fell from £167m to £116m. Revenue remained effectively flat in the period, decreasing 1% to £4.4bn (2014: £4.5bn). The group’s transformation costs, including almost 3,000 voluntary redundancies in its UK […]
Reed Boardall Group saw pre-tax profit rise almost 60% last year despite “fierce competition” in the transport industry and rising fuel costs.
Bibby Distribution Services (Holdings) slipped into the red to the tune of almost £4m in the year to 31 December 2012, compared with a £4.5m operating profit the previous year.
Delivery management firm Whistl has launched a trial in three locations of a new delivery service for low volume e-tailers who cannot access competitive parcel pricing due to their low volumes.