Yodel

Yodel builds on record growth

Parcel carrier Yodel is opening a new 161,900sq ft depot in Huyton, near Liverpool, after seeing record growth last year.

Announcing the move, Yodel said this latest investment is part of plans to continue expanding nationwide operations, with the business expecting to handle over 200 million parcels in 2022.

As well as looking to build on its parcel capacity, Yodel is also targeting growth in the delicate and irregular shaped parcels sector by installing the Merlin dedicated sortation system at its centres in Wednesbury and Shaw.

The Huyton depot, at Tritax Symmetry Park in Merseyside, is set to open ahead of summer 2023.

The facility is being built by GMI Construction Group to a Net Zero Carbon standard and is on target to achieve a BREEAM Excellent rating.

Mike Hancox, Yodel chief executive officer, said: “This is a very exciting period for Yodel and the new depot in Huyton is an important step in expanding the business, ensuring that we can be more dynamic and fit for purpose.”

Winch & Co lays out ambitions for logistics group

Private equity firm Winch & Co is in talks to buy a third haulage firm as part of plans to build a group of five logistics and haulage companies within the next six to 12 months, the Leeds-based investor has revealed.

It is also pumping £550,000 into Loughborough-based Eclipse Distribution, which it bought in October 2021. The company said the investment will help bolster the haulier’s position and clear down legacy credit balances left by the outgoing management.

The equity firm has also injected £250,000 into Cramlington-based Dedicated Transport Solutions, which it bought in April this year, along with the firm’s 250,000sq ft industrial estate.

The £550,000 investment into Eclipse Distribution follows a bumpy ride since its acquisition last year. The management teams of both Winch & Co and Eclipse Distribution said the transition “hasn’t been as smooth as other acquisitions”, with the company experiencing a “tumultuous time” which has seen the driver shortage crisis, fuel price hikes and the costof-living crisis, brought on by disrupted supply chains because of the war in Ukraine.

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