Bibby Line Group has agreed the sale of Costcutter Supermarkets Group (CSG) to Bestway Wholesale – the UK’s largest independent wholesaler. CSG has reported a significantly improved performance over the last two years, following investment in key areas of the business. During the 12 months to 31 December 2019, CSG’s sales rose by 10% to £426m, with EBITDA increasing by more than £9m to £5.1m. The agreement completes the planned strategic realignment of Bibby Line Group’s portfolio, following the sale […]
DHL Express completed the sale of its same-day domestic business to Rico Logistics last week.
Parcel revenue at Royal Mail increased by 29.7% in the three months to December compared to the same period in 2019/20 with volumes rising by 15%, it said in a trading update.
The European Commission’s decision to prevent UPS from acquiring TNT Express “risks reducing competition, not increasing it”, an analyst at Transport Intelligence said. UPS has now pulled out of its multi-billion Euro plans to take over TNT Express, which the logistics analyst believes highlights the scale of the challenges the US parcel carrier faced in regard to meeting the regulatory requirements. Transport Intelligence head of consultancy Joel Ray said: “Their decision making process looks flawed, caused by a fundamental lack of […]