UK Mail expects volume growth in its parcels division to slow down in the second half of this year as it continues to feel the effects of a weakened retail market and poor volumes in the second quarter. Turnover in its parcels division increased 3.4% to £109.4m (2013: £105.8m) in the first half of this year, while operating profit increased marginally to £11.2m. Average daily parcel volumes increased 6%, but the majority of volume growth came in the first quarter […]
City Link parent Rentokil has blamed a decline in both volumes and rates for the parcel firm’s “disappointing” £31.3m pre-tax loss during 2011, compared with a £9.6m loss the previous year, on a revenue down 8.5% to £306.9m. […]
DPDgroup has increased its majority shareholding in e-commerce delivery company WnDirect to 83%, effectively taking full control of the business.
Yodel delivered over 14 million parcels during the Christmas peak after investing heavily in planning and boosting capacity. The company added that between 1 December and 24 December only a small number of parcels weren’t delivered, in the main where it was unable to gain access to the address or the addressee was unavailable to sign for the delivery. Yodel began investing in peak planning in the spring, including increasing its capacity by opening temporary service centres and 15 contingency […]