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 […]
“We’ve had to right-size the business” – Simon Hobbs on a challenging first 10 months as Kinaxia chief executive
When Simon Hobbs says his induction as new Kinaxia boss wasn’t what he expected it sounds like the understatement of the year. Within weeks of taking the reins back in late January, the Covid crisis saw volumes across the group slump by 35% and cash quickly begin to drain.
Royal Mail has been fined £50m by Ofcom for a “serious” breach of competition law, in which it abused its dominant market position and deliberately targeted final mile delivery competitor Whistl.