Connect Group saw its revenue climb 0.2% in the 20 weeks to 21 January 2017 with it parcel freight division leading the way. The operator saw turnover in its parcel freight division – Tuffnells – register like-for-like and total turnover growth of 5.2% respectively. In a trading statement Connect said: “The group continues to make a sizeable investment in the parcel freight division, to establish a platform for growth through sales leadership, customer service and operational excellence. “We anticipate a […]
Royal Mail has admitted it expects to make a loss in this financial year and won’t return to profit unless the business is overhauled to reflect a decline in letter volumes and a boom in parcel deliveries.
Yodel has appointed Neil Lloyd as chief executive, following the departure of Jonathan Smith in January.
Royal Mail has gone all-in on a strategy based on parcels growth and international expansion to ensure its future, after its annual operating profit collapsed by more than a quarter as the decline in letter deliveries continued apace.