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 […]
Analysts have said the planned sale of DHL Express’s same-day domestic business will create another major player in the market to compete with CitySprint, and is unlikely to affect DHL’s profitability.
Arrow XL has reported a significant boost in customer satisfaction since the launch of its AskAxl live tracking app last autumn.