Turnover and pre-tax profit at Royal Mail Group continued to climb last year, despite increased competition in the parcels sector and declining letter volumes. The newly-privatised operator saw year-on-year turnover increase by 2% in the 12 months to 30 March 2014. Turnover derived from its parcels business increased by 7% to £3.1bn (2013: £2.9bn), despite what CEO Moya Greene described as more intense competition in the sector. However, Royal Mail expects parcel volume growth to slow this year, stating that […]
Adverse weather conditions hit volumes in Kuehne + Nagel’s road and rail logistics division, which saw an 85% drop in first quarter EBITDA.
Royal Mail has received approval to revamp its final mile delivery service, and will roll out its Delivery to Neighbour initiative next week. It has received regulatory approval from Ofcom to launch the programme on Monday 1 October, allowing the firm to deliver large items or items that require a signature to a neighbouring address if no one is home to receive them. Until now it was the only major delivery company in the UK who did not offer the […]
TNT Post have signed a two year contract with PRO-CURE, a provider of NHS commercial services across Oxfordshire, Buckinghamshire, Berkshire and Hampshire, saving the company a forecast £300,000. The contract covers PRO-CURE and its partners NHS Commercial Solutions and the East of England Collaborative Procurement Hub, which will receive a two day delivery service with TNT Post. Nick Wells, CEO TNT Post says: “More than ever before public savings are paramount. TNT Post is committed to effective and sustainable competition […]