The significant shift in buying habits towards online shopping is behind the increases in revenue and profits at UPS, new results have revealed. In the trading period ending 31 December 2020, the parcel delivery and courier service reported an 8.3% rise in turnover to £1.2bn and pre-tax profit soaring by 26.5% to £118m. The company said turnover increased due to the move to online shopping driven by the coronavirus pandemic. “The directors expect to see a continuation of this trend,” […]
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 coronavirus is not my first pandemic. Back in 2009 when I was working in depot operations, I remember being briefed on a potentially dangerous virus called swine flu that was prevalent across the globe.
Recovery from the COVID-19 pandemic could begin as early as next year, with the logistics industry benefitting from new behaviours that could launch an e-commerce boom and more collaborative ways of working forged during the crisis, according to XPO chief executive Bradley Jacobs.