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 […]
APC Overnight blamed changing types of freight for the dip in pre-tax profit that it saw in the last financial year.
Glasgow haulier John G Russell (Transport) has warned the distribution sector of a “difficult” 12 months ahead as costs keep rising while rates and profit margins continue to stagnate. Alan Poulton, chief executive, logistics at the group, told MT the firm was finding it increasingly difficult to squeeze further efficiencies out of its operation and said that, in terms of rates: “We are not getting, and have not got for some time now, an increase that reflects the quality and […]
Global Freight Solutions (GFS) has revealed a sharp increase in the number of British-based online retailers seeking advice about delivery standards. The parcels management firm says retailers are now more savvy about how effective deliveries play an essential part in maintaining customer satisfaction and encouraging repeat business. Simon Veale, director at GFS, says: “For some, pressures on their delivery networks in the run-up to the Christmas peak season really brought home the importance of making contingencies to get goods to […]