Private equity firm Lloyds Development Capital (LDC) has bought an undisclosed stake in CitySprint in a deal which values the same-day courier at £175m. CitySprint’s management team remains the biggest shareholder in the business, and its other investor Dunedin has retained a stake in the business, but a spokesman for CitySprint said it “wasn’t as big a stake as it had previously held”. The business said the deal will “accelerate the next stage of its growth”. The deal comes as […]
Load exchange service provider Transport Exchange Group has seen a 20% increase in annual transactions, mainly driven by growth in the number of hauliers and freight forwarders using its Haulage Exchange service.
Courier rates and surcharges are likely to rise as people move increasingly towards working from home arrangements, according to ParcelHero.
As many as 2,000 Whistl employees in the UK are facing the threat of redundancy, after the company took the decision to suspend its final mile delivery service.