Yodel is on track to announce a profit for the first time since its formation over a decade ago, following a surge in volumes during the pandemic. The carrier said projected full-year revenue for the year ending June 2021 was now over £535m and it expected to be “strongly profitable” at the pre-tax level. In a trading update for the second quarter of its financial year the packets and parcels courier said there had been a 34% increase in volumes […]
After a difficult period in 2016, when the future of Hellmann Worldwide Logistics’ UK operation faced an uncertain future, the business has since been restructured, refinanced and had a new management team installed.
Abbey Logistics Group is to reboot its expansion strategy following a “self-imposed” pause on growth during 2015.
Competition for HGV drivers is pushing wages up and heaping pressure on operators, warns Meachers Global
Rising driver wages look set to exacerbate the current squeeze in labour supply, Meachers Global Logistics MD Stuart Terris has warned. Commenting on the financial performance of the firm in the year to 31 May – which notched up a 25% increase in turnover with a 67% rise in pre-tax profit – Terris pointed to the ongoing driver shortage and fuel price volatility as the two main operational headwinds facing the company. On the former, he said: “We’re on top […]