City Link cut its first quarter losses by more than a third but remained loss-making ahead of its sale to turnaround investor Better Capital. The parcel carrier cut its first quarter adjusted operating loss by 36% to £8.1m (2012: £12.7m) during the first three months of 2013. Former parent Rentokil Initial’s first quarter results also […]
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Royal Mail has gone all-in on a strategy based on parcels growth and international expansion to ensure its future, after its annual operating profit collapsed by more than a quarter as the decline in letter deliveries continued apace.
Nightline is to invest €5m into the roll-out of its self-service parcel terminals across the UK, creating 50 jobs in the process. The Irish carrier says the funding will be used to set up the infrastructure for 400 Parcel Motel locker boxes that will all be operation by the end of 2014. To date, 20 […]
DSV has blamed a first quarter dip in turnover and EBITDA in its road division on “fierce competition” and a reduction in average consignment size.