First quarter daily parcel volumes were up 10% at UK Mail, but the firm expects growth to slow this year as it nears capacity. It expects that parcel volumes will level out during the rest of the year, as indicated in May, as the relocation of its Coventry hub to make way for HS2 puts pressure on capacity. Its interim statement covering the period from 1 April to 30 June also revealed that volumes in its mail business were up. […]
The head of UK Pallets has left the business after more than seven years in his role, Motortransport.co.uk has learnt.
Parcel volumes over the summer at UK Mail were below expectations, causing turnover to slip 1% year-on-year in the first half of its financial year.
UK Mail has revealed a pre-tax profit of £12.9m for the 12-months ended 31 March, down 19.5% on the previous year mainly due to a £2.2m hit from closure of four depots. Group turnover for the year was up by 8.4% to £429m, however, when adjusted for the increase in Royal Mail prices implemented on 6 May 2011, revenue increased by just 3.2%. The company says the results reflect UK Mail’s resilience during a year of tough trading in markets […]