The German parent company of logistics firm Hellmann Worldwide Logistics has pledged to back its UK division until “at least” September 2020, after the Lichfield-based firm saw its operating loss almost double last year. According to its latest annual results for the year to 31 December 2018, the company saw its operating loss swell to £2.4m (2017: loss of £1.7m). This was despite turnover rising to £75.6m (2017: £74.9m), which the company attributed to its contract logistics division moving from […]
Yodel has missed its self-set target of delivering a first ever profit in its most recently completed financial year, according to newly published accounts.
Expect Distribution has blamed a fall in profit on its loss-making two-man delivery service, which ceased operating in May last year, but said that new deals in its contract logistics business will get it back on track.