UK Mail Group saw turnover and pre-tax profit climb last year thanks to increased volumes, winning new business and retaining existing customers in its parcel and mail divisions. Average daily volumes in its parcels division grew 19% last year, its results for the year ended 31 March 2014 showed, which it said enabled the business to better spread the its fixed costs and increase its operating margin. Despite this, the group expects growth in parcel volumes to slow this year […]
Yodel has hinted that this financial year it will move into profitability for the first time since the business’s formation in 2010, off the back of increased volumes and new business wins.
Leicester-based packaged chemicals logistics provider HW Coates Holdings has described its financial performance in the year to 31 December 2012 as “satisfactory” – despite raising its profit before tax by 34% over the previous year.
Trade associations have welcomed the government’s plan to reform the Highways Agency, and the unveiling of the watchdogs that will be charged with ensuring the new private entity delivers.