A major fire that destroyed ArrowXL’s Worcester hub, combined with a “deteriorating” retail environment, dealt a body blow to the company’s pre-tax profit last year. Reporting its annual results to 30 June 2018, the Yodel sister company, which specialises in two-man delivery and installation services, unveiled a 70% plunge in pre-tax profit to £862,000 (2017: £2.9m). Annual turnover also declined in the period to £78.1m (2017: £82.6m). In its strategic report to the results, the company said that the business […]
Arrow XL will have its Midlands and South West operation up and running mid-week, after a fire destroyed its Worcester hub.
The effects of a major fire that destroyed ArrowXL’s Worcester hub in 2017 are continuing to reverberate through the business, with the company reporting a 92% fall in pre-tax profits last year.
Welcome to the 2018 Motor Transport Power Players, the editorial team’s take on who will be the key influencers – including some of those who are up and coming in the industry rather than the established names – on the transport and logistics industry this year.