DX Group has issued a profit warning due to continuing challenges in the courier market and margin pressure within its freight business. In a trading update the operator said the tough trading conditions referred to in its update from 22 November 2016 had continued, including pressure on pricing. “While there has been strong momentum and wins in the Logistics business, the expected growth in higher margin revenue from our DX Courier and freight activities has not come through, impacting profitability due […]
Peak parcel volumes at Royal Mail Group were up 4% year-on-year, with the post and parcel giant handling 120 million in December alone.
The Nightfreight name will disappear from UK roads as its parent company, DX Group, revealed its fleet will be re-liveried as it strengthens the acquisition it made last year.
John Mitchell (Grangemouth) has reported a significant rise in profit after cost-control measures and a focus on its warehousing arm.