Royal Mail has admitted that the threat of industrial action and the introduction of size-based parcel pricing led to volumes being flat in the first nine months of the current financial year. In its interim management statement covering the nine months ended 29 December 2013, like-for-like turnover in its UK parcels business rose 8% due to the introduction of a new pricing model, but also led to a decline in consumer volume. Despite seeing growth in account parcel volumes, the […]
Industrial action by Prospect staff working for the DVSA looks set to run and run, after DVSA interim chief executive Paul Satoor said the so-called ‘modernisation of employment contract’ (MEC) at the heart of the matter would not be renegotiated.
The basket of MT shares has only drifted northwards by 7p in the past seven days. But growth at the rate of a penny a day is a fair old shift for a traditionally quiet time of year in the road transport industry, indicating that there is a lot of sentiment backing the success of Britain’s transport firms.
Royal Mail Group chief executive Moya Greene said that next year “would be a good aim” for the planned sale of the firm. Although there is no definite time frame for Royal Mail to be privatised, the government hopes the firm receives the capital it needs in 2013, Greene said at the Institute of Economic Affairs (IEA) and Marketforce Future of UK Postal Services conference in London yesterday (4 December). Greene said: “I know that Her Majesty’s government would like […]