Whistl UK reported a £4.7m pre-tax loss in 2019 as it battled to remain competitive in the parcels and Downstream Access (DSA) markets as start-up inefficiencies racked up at its Bedford ‘super hub’. However, group revenues rose by 12.6% to £635m for the year ending 31 December 2019 and it enjoyed a 22% increase in turnover in its parcels and international divisions. During the period the company opened a new hub in Bedford for mail and parcels and it said […]
Simon Gibson Transport saw its pre-tax profit fall by 38% in 2019, but it pointed to an impressive performance overall despite “ever increasing demands of the modern logistics environment”.
Private equity firm Advent International is to acquire a 75% stake in Hermes UK in what is described as a “business as usual” agreement.
Next week sees XPO Logistics begin its 40th annual stint as the official transport partner of the Tour de France.