DPD UK has acquired same-day delivery firm CitySprint in a move it said would strengthen its position in the market. It follows a period of growth for CitySprint, which DPD said had seen continued demand for its services as businesses sought out more urgent and time critical same-day deliveries. Elaine Kerr, DPD UK chief executive, said the sector was one of the fastest growing segments of the logistics markets: “Even before the pandemic, demand for both next-day and same-day deliveries […]
Tuffnells Parcels Express contributed £114m of revenue and £9.7m of operating profit to its new owner Connect Group in the year to the end of August, group chief executive Mark Cashmore has revealed.
Royal Mail will begin its listing on the London Stock Exchange on 11 October, with the price per share set between 260p and 330p.
UPS rallied last year after seeing a fall in both pre-tax profits and turnover in 2019, according to its latest annual results.