Yodel has made its largest ever loss in the year to 30 June 2018, newly published accounts reveal. Formed from the merger of the Home Delivery Network (HDNL) and DHL’s Express Delivery business in 2010, profitability has eluded Yodel ever since. Its best result to date was a loss of £45.4m in 2014. However, for 2018 Yodel revealed its pre-tax loss had ballooned by more than a third year-on-year to £111.8m (2017: loss of £82.5m). Previous to this, the parcel […]
C Butt made a loss for the year ending April 2016 of almost £356,000, but added its balance sheet and cash reserves remained strong.
“Urgent action needed to stop avalanche of redundancies and insolvencies,” warns head of Logistics UK
Logistics UK has warned the government it needs to act now to stimulate economic activity and restore consumer confidence amid claims the nation’s businesses are “stagnating” after two months of cautious re-opening following the pandemic.
Optimism in the logistics sector is at its lowest level in 12 years, according to the latest Logistics Confidence Index, with companies citing uncertainty over Brexit and the ongoing driver shortage as key contributors to falling levels of confidence.