Motortransport.co.uk is first with breaking news in the UK road transport, haulage and logistics industry. From automotive to waste; pallets to parcels; Brexit to O-licence law; from 3PL to own-account operators, we have the industry covered.
City Link parent firm Rentokil Initial says its recovery plan for the parcels courier is on track despite posting an £18.5m operating loss for the first six months of the year. This 3.8% year-on-year reduction of its operating losses came as revenue rose 3.5% to £149.5m for the six months ending 30 June. Alan Brown, CEO at Rentokil Initial, says: “We expect losses to reduce further in Q3 and for the business to be profitable in Q4.” Revenue for the […]