Premier Logistics MD Lee Christopher has predicted the haulier will bounce back after two disastrous acquisitions and the end of its Pall-Ex work led to a £1m loss that triggered an emergency loan from its new network. The Leicestershire firm’s recently published accounts for the 16 months to 30 April 2017 reveal a turnover of £24.9m, compared with £18.9m in the year to 31 December 2016. A pre-tax loss of £1.2m (2015: £181,041 profit in year to 31 December) was […]
Rentokil Initial has sold City Link to turnaround investment firm Better Capital.
Operator Allport is marking its 50th anniversary this year by introducing a new corporate identity and livery to 380 vehicles across its fleet in the UK. Allport Cargo Services was adopted by subsidiaries and joint-venture partners in countries around the world last year, with the UK the final part of the operation to take up the new name. The redesign is part of a marketing push intended to strengthen its image within the retail market, where it works with the […]
Royal Mail has gone all-in on a strategy based on parcels growth and international expansion to ensure its future, after its annual operating profit collapsed by more than a quarter as the decline in letter deliveries continued apace.