Yodel saw volumes surge by 59% between January and March compared to the same period in 2020 and it now expects full-year revenues to be £30m higher than predicted just three months ago. In a trading update for Q3 the carrier said it would return to being “strongly profitable” in the year to June 2021. Total volumes in the nine months to March grew by 35% and full-year revenue is projected to be £565m, compared to £430m in 2020. Yodel […]
A prediction last year by Maxi Haulage that pre-Brexit stockpiling would hit its bottom line has proven correct after its latest financial results showed a reduction in the Irvine headquartered company’s turnover and profits.
A consortium which includes autonomous tech firm StreetDrone has won £2.4m of funding to develop self-driving 40-tonne trucks capable of moving parts and assemblies between Nissan’s Sunderland car manufacturing plant and local businesses.
Potter Group Logistics has credited stringent cost control, which hasn’t come at the expense of good customer service, for a 27% jump in annual pre-tax profit. Matthew Lamb, MD of Potter Group Logistics, said: “As always our focus is on delivering first class customer service. “We have achieved this while applying rigours controls on overheads across all areas of the business.” As a result, pre-tax profit in the year ended April 2012 was £1.04m (2011: £817,000), with turnover 2.8% ahead […]