Ocado saw an almost fivefold reduction in its pre-tax losses last year aided by soaring demand for online groceries during the Covid-19 pandemic. The retailer’s latest annual results to 29 November 2020 reveal losses of £44m, compared to a loss of £214.5m in the previous year. Group revenue rose 33% to £2.3bn (£2019: £1.8bn) in the period with EBITDA also surging by 69% to £73.1m (2019: £43.3m). Ocado’s retail division provided the lion’s share of the revenue growth, delivering £2.1bn […]
Delivery management firm Whistl has launched a trial in three locations of a new delivery service for low volume e-tailers who cannot access competitive parcel pricing due to their low volumes.
Express delivery firm Aspray Transport will shortly begin constructing a new 10,000 pallet high-bay storage facility at its Willenhall, West Midlands hub. Construction of the 17m high facility, which will also include an area for block stacking, will begin in October. The firm, which recently bought over five acres of additional land around the site, is also putting an extra 40 parking spaces in place for trailers. Both developments should be operational in June next year. Aspray’s investment in hub […]