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 has rolled out a dedicated new livery for its Sameday fleet, featuring the strapline ‘when tomorrow is too late’ to help strengthen the operation’s brand. The parcels firm says the Sameday service has expanded rapidly in the past 12 months, with new contract wins across multiple business sectors, and that “this trend shows no sign of slowing down”. Two new depots were opened in Bristol and Newcastle during 2011 to cope with customer demand, with further sites earmarked […]
Last week the MT Tracker took a break as it was judging the MT Awards – but what a difference a week makes. Rentokil finally sold City Link, to investment house Better Capital. This does make a big difference to the MT Tracker as Rentokil’s size, in comparison to every other listed transport firm, was distorting the results of the Tracker. Excluding Rentokil gives us a much truer picture of investor sentiment in the sector.
In November, City Link’s parent Rentokil revealed the express parcels firm had recorded a loss for the first nine months of the year of £24m, albeit £1m less than that posted in the same period of 2011 on revenue up £7m to £225m. Nevertheless Rentokil chief executive Alan Brown reaffirmed his faith in the management team City Link MD Dave Smith has assembled – largely from former colleagues from Royal Mail – and the latest three year recovery plan that […]