Whistl is to close depots in Leeds and Warrington and consolidate their work into a single ‘super hub’ in Bolton. The 225,000ft² warehouse, expected to be operational in July, will increase the volume capacity of the combined operations by 33%. The postal operator has signed a 10-year lease on the site on the Logistics North development in Bolton after its leases on the previous sites came to a close. With close proximity to junction four of the M61, the Bolton […]
Royal Mail has revealed that its UK operation saw a 2% year-on-year decline in turnover in the first quarter of its financial year, just a day after reports that the company submitted an objection to an ongoing Ofcom investigation into its pricing regulations emerged.
Private equity firm Lloyds Development Capital (LDC) has bought an undisclosed stake in CitySprint in a deal which values the same-day courier at £175m.