LOGISTICS
If you were in charge of running a parcel courier in the United Kingdom right now , you would be forgiven for batting down the hatches and shying away from public glare .
Such is the volatility of the market , whole companies struggle to keep their heads above the water ; CityLink going out of business at Christmas and the TNT Express incarnation Whilst stopping part of its service just illustrates how cutthroat the industry is . Those are just two examples over the last six months , so imagine how troublesome it may be to plan long-term strategies .
“ We are growing our volumes with probably the fastest growth rate in the UK parcel industry . People are coming to use Yodel because our performance is dramatically improving ”
- Dick Stead , Yodel CEO
Things are refreshingly different aboard Yodel at the moment despite early struggles ; the parcel courier firm started out as a bottom-end player but after learning valuable lessons things are looking up as its remarkable financial turnaround of the past two years continues .
The company was formed in 2011 following the acquisition of the UK domestic business of DHL by Home Delivery Network , and is currently privately owned by the Barclay brothers .
Miraculous turnaround Dick Stead is the Executive Chairman of Yodel and has overseen the renaissance , he said : “ We have moved from a position at the bottom of the market where we were losing £ 11m a year , to a position where we are now going to be in the black for the first time . That is a huge financial turnaround all things considered , but importantly we are growing our volumes with probably the fastest growth rate in the UK parcel industry . People are coming to use Yodel because our performance is dramatically improving .
“ We were probably one of the worst parcel companies in the UK
16 July 2015