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. GLS saw both its volume and turnover grow by 10% in the period, against a group revenue increase of just 2%. In a trading update, Royal Mail said growth was particularly strong in Italy, Denmark and Eastern Europe, but warned that cost pressures in some European and US labour markets could impact […]
City Link’s profit and volumes suffered as it fell victim to lower than expected demand during the Olympic Games. The parcel firm posted a turnover of £76.2m for the three months ending 30 September, a 2.4% increase on the same period in 2011. It is the first time City Link has reported year-on-year growth in the last five years, Managing Director Dave Smith said. It made an adjusted operating loss of £5.5m in the third quarter, a 19.1% rise on […]
APC Overnight has appointed board member Karl Brown as CEO, replacing former CEO Syed Ziaullah who steps down for personal reasons.