Yodel: Losses double at UK’s second-worst parcel delivery firm Business Losses at Yodel, which was named as the second-worst parcel delivery firm in the UK in 2024, have more than doubled as its revenue was slashed. The Liverpool-headquartered business has reported a pre-tax loss of £105.2m for its latest financial year. The total comes after Yodel also lost £48.2m in 2023. New accounts filed with [...]
Evri: Boom in bedroom CEOs drives best-ever parcel deliveries Business Evri has delivered record results thanks to a boom in second-hand sellers sending parcels with the logistics giant. The parcel delivery company, which was acquired by private equity firm Apollo from Advent International in 2024 for £2.7bn, has revealed that its volumes increased by 11 per cent in the year to 1 March, 2025, to more [...]
Yodel’s £106m takeover by InPost put on ice after High Court order Business Yodel’s £106m acquisition by InPost has been put on ice after an injunction was filed with the High Court in the latest twist in a long-running legal spat. Last month, CityAM reported that Poland’s InPost had agreed to buy Liverpool-headquartered Yodel in what was described as a “pivotal milestone” at the time. InPost said [...]
Amazon reveals which UK location will get Prime Air drone deliveries first January 28, 2025 Amazon has revealed where in the UK it intends to start launching Prime Air drone deliveries. The US tech giant has chosen Darlington as the first site and will now set about lodging planning applications with the local authority. Amazon added that it is also seeking clearance from the Civil Aviation Authority (CAA) for the [...]
Inside the bitter court battle over Yodel’s future – and why it matters January 20, 2025 An increasingly bitter legal battle has broken out between Yodel and the entrepreneur who attempted to rescue the delivery giant last year. In the one corner is the Liverpool-headquartered company and its chief executive, Mike Hancox. In the other is the man who led that aborted rescue deal – which ended up falling through last [...]
DPD: How parcel delivery giant is tracking return to growth October 8, 2024 Parcel delivery giant DPD is targeting the expansion of its international services to turn around its falling turnover which has decreased by £100m since the start of 2022. The group, which is owned by France’s La Poste, said it is forecasting a return to sales growth by the end of 2024 after setting its sights [...]