APC announces restructure funded by Barclays

Heathrow-based courier Crossflight has acquired the operations of North London firm DDI Worldwide as part of its expansion strategy. As of today (7 January), Crossflight will run DDI’s express courier, UK overnight and mail services out of its headquarters in Heathrow. Crossflight said the move will be seamless for all of DDI’s customers and the combined company will operate under the Crossflight brand. Crossflight MD Richard Stoughton said: “This important acquisition not only allows us to grow our business further, […]

Start up problems with a “restaurant chain” contract played a “significant” role in a 95% plunge in DHL Supply Chain’s profit last year.

The European Commission (EC) said the aborted UPS and TNT merger would have increased prices and would not have been challenged enough by other carriers. The regulator officially blocked the merger from taking place on 30 January, claiming it would have restricted competition for express delivery between European countries in 15 nations. It also said that the acquisition would have reduced the number of “significant players” to two in some countries, which it claimed would have “likely harmed customers by […]