Yodel has missed its self-set target of delivering a first ever profit in its most recently completed financial year, according to newly published accounts. The company made its fifth loss in a row, recording a pre-tax loss for the year ended 30 June 2014 of £73m – equivalent to losing £1.4m a week. The result was an improvement on the £98m pre-tax loss made in 2013 and turnover at the parcel delivery firm also increased from £379m a year earlier […]
With annual volume growing at 15% to 18% in recent years, overnight parcels specialist APC Overnight has outgrown its national hub in Essington, West Midlands. The company is in the process of relocating to a purpose-built 120,000sq ft centre at Kingswood Lakeside just off the M6 Toll road, but due to the wet summer and longer-than-expected ground works the new hub will not be operational before spring next year. But recently appointed APC chief executive Syed Ziaullah is relaxed about […]
Hermes has opened its 1,000th parcel shop, five months after the service was launched. The firm plans to expand the network to 2,500 sites by the end of 2013, following the opening of the milestone ParcelShop in Stockport. It launched the service in June with 500 stores nationwide, which offer an alternative for SMEs to send parcels and allow online retailers to offer consumers a convenient returns service. It plans to expand the service next year to allow parcels to […]
Palletways has appointed a former TNT UK manager to head up its Oxford operation, as activity at its new Abingdon site gets underway.