UK Mail chief executive Guy Buswell (pictured) has stepped down with immediate effect, after the installation of incompatible parcel sorting technology at its purpose built new hub. His departure comes just a week after UK Mail’s interim results showed even greater losses than had been anticipated. It has begun a search for Buswell’s replacement, and has appointed company founder and non-executive chairman Peter Kane to fill in as interim executive chairman in the meantime. The company saw its profit slashed […]
City Link failed to turn a profit on Friday posting a pre-tax loss of £26.4m while turnover for the year was up 4.8% to £321.7m. Rentokil was disappointed and said the “financial performance in the year was behind our initial expectations”.
It is amazing what an up-beat trading statement can do. Transport related shares have been stuck in the doldrums for a while, but all it took was for UK Mail to say it saw its highest ever daily volumes across its parcels and mail divisions in March, and it is jolly hockey sticks all round
UK Mail has won a distribution contract with Shropshire-based bird food provider CJ WildBird Foods. The contract, which was effective from July, will see the parcel carrier collect from the wildlife feed retailer every day and deliver its products throughout the UK and Ireland. The retailer switched its distribution contract after reviewing the service it received from its previous carrier. Group commercial manager Linda Hanks said it chose UK Mail due to its quote on price and service and said […]