UK Mail is anticipating a fall in both pre-tax profit and turnover for the year ended 31 March 2016 after the installation of incompatible technology incurred huge costs. The group, which has struggled since its new facility was fitted with automatic sortation technology that wasn’t compatible with its operation, expects to see its turnover drop by 1% for the year. In a trading statement, UK Mail said it expected a fall in pre-tax profit that was “in line with management […]
UK Mail Group has been given the green light to develop its new hub in Coventry, following its agreement with the DfT earlier this month.
City Link appointed administrators on Christmas Eve, temporarily suspending all operations over Christmas, citing continued “substantial losses over several years” and admitted it would be unable to accept new parcels due to the further losses it would incur.
DPD is to begin delivering parcels seven days a week to meet demand from e-commerce customers.