Royal Mail said it had experienced the busiest ever three months in its history at the end of 2020, delivering 496m parcels. On its busiest day between October and December, it delivered 11.7m parcels, 32% more than its previous busiest day during the first national lockdown. However, it also said that combined with increased absence rates among staff due to Covid-19, these volumes impacted on service quality. In response, it has retained around 10,000 of the 33,000 flexible workers it […]
Lombard, the asset finance division of the RBS Group, is actively seeking funding opportunities in road transport, bucking the trend which has seen several lenders leave the market since 2008. Lombard’s head of commercial transport, Derek Pridmore, says it is not the case that operators looking to fund new vehicles have little choice but to use manufacturers’ captive finance offering. “We financed £250m of truck sales in 2011, making Lombard the biggest single funder of CVs in the UK,” he […]
Birmingham-based Corporate Solutions Logistics, which counts Lidl, household goods manufacturer Vax and Smurfit Kappa among its customers, has said it is on target to close its financial year with a turnover of £22m.
The RHA has repeated its plea for more government help for hauliers, after a new survey revealed 16% of operators are in danger of becoming insolvent within four weeks.