Deutsche Post DHL’s purchase of UK Mail has completed, meaning the postal operator is now fully owned by the German company. DHL announced its intention to buy UK Mail for £242.7m in September, in a bid to offer its domestic customers a stronger cross-border parcel delivery service. Prior to the deal, UK Mail had had a turbulent recent past, after it bought incompatible sortation technology for its new Coventry hub. This resulted in an 80% plunge in pre-tax profit after […]
Yodel has unveiled plans to open 13 additional sites in the run-up to Christmas as part of its winter delivery plans.
4) Perry Watts Title: CEO, DHL Supply Chain UK and Ireland With a turnover of pretty much £4.3bn in 2014 DHL Supply Chain is the biggest beast in logistics in the UK by some considerable distance (and is bigger than Wincanton, XPO Logistics and Kuehne + Nagel in the UK combined).
City Link parent firm Rentokil Initial says its recovery plan for the parcels courier is on track despite posting an £18.5m operating loss for the first six months of the year. This 3.8% year-on-year reduction of its operating losses came as revenue rose 3.5% to £149.5m for the six months ending 30 June. Alan Brown, CEO at Rentokil Initial, says: “We expect losses to reduce further in Q3 and for the business to be profitable in Q4.” Revenue for the […]