The collapse of City Link triggered an influx of additional volumes into the large parcels market, Panther Warehousing MD Colin McCarthy has said. The availability of product has driven Panther’s Solo delivery service, which was launched in January 2016. The service involves an individual courier delivering ugly freight that doesn’t require another pair of hands. McCarthy told Motortransport.co.uk: “Since the demise of City Link, there’s so much product in the market, which the parcel networks can’t move because it doesn’t […]
CM Downton has signed a 20-year lease at Bristol Gateway, on a speculative build completed by Howard Tenens in April of this year.
City Link parent Rentokil Initial is optimistic the troubled parcel carrier is on the road to recovery despite its latest results showing losses increased in the first three months of the year. In his statement to the market, Rentokil Initial CEO Alan Brown, says City Link losses were higher than the previous year but that performance of the business improved through the first quarter as its new management team started to implement their plans. Brown adds: “We expect a significant […]