DHL Deutsche Post’s European parcels business saw turnover increase 70.3% year-on-year in the first quarter of 2017, driven primarily by its acquisition of UK Mail. Its European network saw turnover rise to €458m (£386.3) up from €269m (£226.8m), with UK Mail adding €139m (£117.2m) of turnover to DHL Deutsche Post Parcels Europe in the reporting period. Deutsche Post DHL made an offer of £242.7m for UK Mail in September 2016, with the deal closing in December. The acquisition is part […]
UK Mail expects volume growth in its parcels division to slow down in the second half of this year as it continues to feel the effects of a weakened retail market and poor volumes in the second quarter.
Eight road transport and logistics businesses now have an annual turnover in excess of £1bn.
DHL Supply Chain has won a three-year contract to manage Hankook Tyres’ UK warehousing operation, building on a distribution contract that was signed back in 2008.