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 […]
New guidance for fleet operators wishing to make out-of-hours deliveries was launched by TfL at the inaugural Quiet Cities global summit held in London this week.
East Yorkshire bulk powder haulier Simon Gibson Transport has been acquired by French logistics firm Groupe Charles André (GCA) for an undisclosed sum.
DHL Express has revealed that it intends to sell its same-day domestic business to technology distributor Rico Logistics later this month, as it continues to focus on the international express market.