Deutsche Post DHL has reached an agreement to buy UK Mail, in a deal that values the delivery company at £242.7m. DHL said the cash offer is part of an ongoing expansion of its European parcel network, designed to meet demand for more cross-border deliveries from its customers. The acquisition comes after a turbulent couple of years for UK Mail, which saw the installation of incompatible sortation technology at a new site and its profit slashed 80% in the immediate fallout. […]
Same day courier CitySprint has acquired Heathrow Baggage Services, its third acquisition in three months.
BCA Marketplace has hit the acquisition trail once more, snapping up automotive services group Paragon Automotive for £105m.
Frank Zapper once commented that the world might not end in fire or ice, but in paperwork. For much of the international logistics sector, January felt exactly like slow death by paperwork, with customs clearances piling up in their software systems, and the freight piling up in the warehouses.