The cost of rolling-out and running Whistl’s end-to-end final mile delivery service had exceeded £10m by the end of 2014, newly published accounts reveal. The service, which Whistl officially killed off earlier this month, saw costs associated with the network, in what was ultimately a failed bid to take on Royal Mail, balloon from £2.1m in 2013 to £10.3m last year. Following financial backer LDC’s decision to withdraw support for the final mile venture in April – at that time […]
Hargreaves Services is to “ration” expenditure in its logistics division after it suffered a 91% fall in operating profit last year due to competitive pressure.
The volume of parcels being handled by UK Mail has surpassed its current operational capacity.
Hoyer UK MD Mark Binns has said he is “confident” this year will be better than last after the firm reported widening losses for the 12 months to the end of December.