Rico has bought a majority shareholding in air freight distribution carrier Circle Express as part of a “strategic acquisition” plan. Circle Express, which has been trading through a CVA since May 2012, had an annual turnover of £29m in 2014, and runs more than 300 vehicles across eight airport-based depots. The company returned to profit in 2013 and reported a 44% increase in pre-tax profit to £194,000 in 2014 (2013: £134,000). Despite this growth, MD Tom Ryan said that the […]
Paul Dyer (pictured) will become chief executive of DHL Supply Chain UK and Ireland on 1 January 2017, with Perry Watts retiring from the role after eight years.
BHS’s logistics supplier DHL has said it is “seeking further clarity” on the impact the closure of the retail chain could have, after administrators failed to find a buyer for the iconic high street brand.