Yodel made its seventh loss in a row in the year ended 30 June 2016, while its sister company Arrow XL saw its pre-tax profit leap by more than 500%. Three years after the firm’s self-set deadline for turning a profit, Yodel finished the year with a pre-tax loss of £50.4m (2015: £46.7m). The company also saw its turnover fall by 1% to £422.7m, from £428.2m the previous year. A spokesman for the parcel delivery firm said: “Yodel has made […]
Irish parcel carrier Nightline has said it expects to move 50% more parcels this Christmas than last year, despite a slow start to the season.
TNT Express has admitted that it is unlikely to hit its profit improvement target for 2015, following an increase in competitive pressures and poor trading conditions in Europe.
Royal Mail will be opening 10 temporary sort centres for the third consecutive peak to help sort the forecast high volume of parcels.