US giant Fed-Ex Corp has been tipped to buy a stake in Hermes’ European parcel delivery operation whilst private equity house Advent International is in the frame to become a major investor in Hermes’ UK operation. The claims, made by German newspaper Handelsblatt, follow a recent announcement by Hermes owner Otto Group that it is in advanced discussions with a large strategic investor. Alexander Birken, Otto Group chief executive, said last week: “We are well advanced in discussions with potential […]
Losses deepen at Currie Solutions in the face of Amazon cuts, “fierce” competition and driver shortages
Amazon’s drive to use “cheaper hauliers” combined with “fierce” competition, tight margins and the driver shortage have seen Currie Solutions’ pre-tax losses almost quadruple.
Royal Mail has been granted permission to extend its Parcelforce depot in Newport, south Wales, as part of a multi-million pound investment in its parcels business.
Swain Group has announced the acquisition of Gravesend-based haulier Eurobulk.