Jersey Post has bought Portsmouth haulier Fraser Freight, after what the carrier described as one of its “most financially challenging years” to date. The postal operator said that the acquisition was a move to open new revenue streams, off the back of the declining letters market. Since 2007, Jersey Post’s letter volumes have fallen by 60%, although this has been offset by a 200% rise in packages and parcels. The operator’s chief executive Tim Brown, said: “2016 is one of […]
FedEx has made an offer to acquire TNT Express, valuing the business at €4.4bn (£3.2bn), in a deal that both parties describe as having a high level of certainty.
CitySprint has snapped up London delivery firm CYC Logistics as part of its ongoing expansion strategy.