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. In its latest annual results to 30 June 2019 the Yodel sister company, which specialises in two-man delivery and installation services, revealed a 92% pre-tax profit plunge to £62,000 (£862,000), despite turnover rising to £88.2m (2018: £78.1m) in the period. EBITDA fell to £3.2m (2018: £3.6m) in the […]
Protocols for parcel deliveries by some of the UK’s largest couriers have been changed to reflect increasing concerns over health and safety in light of the current pandemic.
Yodel’s annual loss increased by nearly half, its latest financial accounts reveal, despite a change in senior management and the firm’s extensive remodelling of its network.
Amazon has thrown down the gauntlet to the UK’s major supermarkets with plans to expand its fresh food delivery service across the country.