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. […]
DHL Tradeteam has announced James Gill as its new MD with immediate effect.
When Motortransport.co.uk spoke to Wincanton chief executive Eric Born last week he claimed there was little he could do about the share price of the company. Sadly, this week has proven that statement to be true.