The government is to sell its remaining stake in Royal Mail, completing the company’s journey from public-to-private road transport heavyweight. In a statement released today, the chancellor said the sale of the government’s £1.5bn stake in the UK’s largest commercial vehicle operator would start this year, completing the privatisation begun with an Initial Public Offering of shares in October 2013. The government has appointed Rothschild to advise the Department for Business on the sale. “Any transaction will be designed to […]
With volumes and demand on the up, 2012 has been a year of change for parcel carriers. But adjusting to the increase in demand in a competitive market has been easier for some than it has for others. Motortransport.co.uk looks back at some of the biggest stories in the parcel market during the past 12 months. UPS agrees TNT takeover bid Parcel giant UPS’ planned acquisition of TNT Express was one of the most talked about stories in the parcels […]
Whistl has become the first company to secure a postal contract with the Government of Northern Ireland which will see it process 20m items of mail a year.
Rising parcel volume almost offset the fall in Royal Mail’s letters volume, a trading statement for the nine months ended 27 December 2015 said.