Eight road transport and logistics businesses now have an annual turnover in excess of £1bn. They are: Royal Mail; DHL; XPO Logistics; FedEx Corporation (comprising FedEx and TNT); DPD Group UK; UPS; Wincanton and Menzies Distribution. The billionaires dominate the Motor Transport Top 100. Collectively they are responsible for 71% of all people employed by the Top 100 businesses in road transport, 63% of all turnover and 70% of all pre-tax profit generated. Kuehne + Nagel; Hermes; Eddie Stobart and […]
UK Mail Group’s depot closure programme will cost it approximately £2m as it looks to continue to cut costs. In a pre-close trading update for the year ended 31 March, UK Mail says the closure of four depots in the past 12 months will leave it with a low-cost and integrated network. It is left with a network of 50 depots as a result. The parcels giant also reveals a Q4 revenue increase of 14% year-on-year. However, when adjusting for […]
The Freight Transport Association (FTA) joined DHL earlier this week on their contract with Iceland to a delivery to central London to discover how prepared the business is for the Olympic and Paralympic Games. On Sunday, DHL moved a lot of its London-based accounts onto night deliveries ahead of the start of the Games. Hugh Basham, transport strategy and policy director at DHL, tells MT: “We’re doing night work for 60-plus customers and plan to continue the out-of-hours activity for […]
XPO Logistics Europe will invest tens of millions of euros in new Range D and Range T trucks over the next two years, the operator has said.