UK Courier Firm Shuts, Eliminating 60 Jobs Permanently
A UK courier service has ceased operations after 14 years, resulting in the loss of 60 jobs. Pedal&Post, known for using cargo bikes instead of traditional vans, delivered over 1,000 parcels daily across Oxford. The company catered to various clients, including the Oxford University Hospital NHS Trust.
Closure of Pedal&Post Courier Service
The closure was precipitated by the loss of a significant client, which accounted for 25% of the company’s revenue. This setback forced Pedal&Post to shut down its Oxford location and its London hub, which had just launched last summer.
Impact of Client Loss
Voi, a micromobility company, ended its partnership with Pedal&Post, stating they were “going in a different direction operationally.” This decision severely impacted the courier service’s financial stability. As a result, the business could not secure further funding.
Liquidation Announcement
- Pedal&Post has entered liquidation.
- Shareholders are unlikely to recover their investments.
- The company stated, “our journey has come to an end.”
Future of Cargo Bike Logistics
Despite the closure, Pedal&Post expressed optimism for the future of cargo bike logistics. They acknowledged significant changes in the delivery landscape, with larger carriers now investing in eco-friendly, bike-based urban delivery models. “We are proud to have been part of that shift,” the company noted.
Community Response
The community expressed disappointment over the closure. The Oxford-based campaign group, Coalition for Healthy Streets and Active Travel, praised Pedal&Post for its contribution to local transport. “You have been a bright feature of the Oxford streetscape for more than a decade,” they remarked. The group hopes other cycle-based logistics firms will emerge to fill the void left by Pedal&Post.
