Former City Link manager Sarah Squire has built a business carrying irregular parcels, and says that by cutting out the hub and keeping the business transparent, she will keep it from meeting her former employers’ fate. On Christmas Day 2014, Sarah Squire turned on her TV and learnt she had lost her job. As City Link’s national business development manager, Squire had been at the company for nearly six years, and said losing the firm was a shock that triggered […]
City Link parent Rentokil has blamed a decline in both volumes and rates for the parcel firm’s “disappointing” £31.3m pre-tax loss during 2011, compared with a £9.6m loss the previous year, on a revenue down 8.5% to £306.9m. […]
Royal Mail Group has warned of overcapacity in the parcel market, which is leading to downward pressure on pricing, despite it handling over one billion items in a financial year for the first time.
City Link parent Better Capital has revealed it will inject more money into the the parcel carrier in a bid to turn the loss-making business around.