Whistl saw a leap in pre-tax profit in its first full-year results since the MBO that saw it separated from its PostNL origins. For the year ended 31 December 2016, Whistl recorded pre-tax profit of £8.4m; a 145% increase on 2015’s loss of £18.7m. Chief executive Nick Wells said this was a result of the hit Whistl took from the collapse of its final mile delivery operation, which cost the business £10m before its investor LDC withdrew. Wells told Motortransport.co.uk […]
Royal Mail’s European parcels division remained the business’s driving force in the nine months ended 24 December 2017, while its UK letter volumes and turnover continued to dwindle.
Last week the MT Tracker took a break – to compile the MT Top 100 – look out for it at the end of November. It’s no secret that our big six make the Top 100, but as for exactly where you’ll have to wait until 18 November. In the meantime, we welcome Royal Mail out of the clutches of the government and onto the Stock Exchange (and the MT Tracker) and we’ll take a look at its share price […]
The European Commission’s decision to prevent UPS from acquiring TNT Express “risks reducing competition, not increasing it”, an analyst at Transport Intelligence said. UPS has now pulled out of its multi-billion Euro plans to take over TNT Express, which the logistics analyst believes highlights the scale of the challenges the US parcel carrier faced in regard to meeting the regulatory requirements. Transport Intelligence head of consultancy Joel Ray said: “Their decision making process looks flawed, caused by a fundamental lack of […]