Same-day courier company CitySprint has launched a new UK delivery service – Freight Desk – for oversized, heavy and difficult-to-handle items. Customers will be able to book the service for same-day deliveries and Paul Gisbourne, chief executive at CitySprint said: “We recognise that in today’s economy, speed, reliability and convenience are of the utmost importance to businesses in every industry, but that moving bigger items to support this can present logistical challenges. “Our new Freight Desk service is specifically tailored for […]
Private equity firm Lloyds Development Capital (LDC) has bought an undisclosed stake in CitySprint in a deal which values the same-day courier at £175m.
Panther Warehousing has completed a management buyout (MBO), backed by private equity firm Lloyds Development Capital (LDC).
CitySprint experienced a 41% rise in same day retail deliveries in June, but saw a 15% drop in orders during the Olympic games. The same day distribution company reported that orders were up 10% on figures for April and May, during a month of unseasonably wet weather that saw shoppers avoiding the high street. Patrick Gallagher, CitySprint chief executive, said: “Whilst delivery volumes fluctuate throughout the year, June was a particularly strong month for us, and I suspect that this […]