Royal Mail has said it delivered a “resilient performance in challenging markets” despite its group profit falling by a third in the last year. For the year ending 27 March 2016, pre-tax profit fell 33% from £400m to £267m despite turnover increasing 1% year-on-year to £9.2bn (2015: £9.3bn). Turnover derived from GLS, its European operation, was up 9% at £1.6bn, although Royal Mail said it expected this level of growth to slow in the coming years. Turnover from UKPIL – […]
Hermes Parcelnet pays its suppliers more quickly than any other company in the Motor Transport Top 100 top 10, an MT analysis has found.
City Link will need to improve account management and customer service if it is to become profitable again, analysts said, following its sale to private equity investor Better Capital.
As the UK inflation rate rose through the year to reach 3.1% in November, the highest in nearly six years, 2017 saw industrial unrest gather momentum in the logistics sector, as drivers demanded increased pay or bridled against company measures to cut costs.