About 2,000 jobs are set to go at Royal Mail after it admitted it had been too slow to adapt to a huge growth in parcels. As it published its financial results for the year ending 29 March 2020, Keith Williams, interim executive chair of Royal Mail Group, said: “In recent years, our UK business has not adapted quickly enough to the changes in our marketplace of more parcels and fewer letters. “Covid-19 has accelerated those trends, presenting additional challenges.” […]
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.
Freight forwarding technology company E-Gistics has landed a government-funded £131,000 cash injection for its new online distribution platform which matches vendors and independent hauliers.
Trade creditors owed money by Gloucester-based Lima Logistics, which collapsed into administration as a result of the Covid-19 pandemic, are expected to receive a dividend.