Ofcom has ruled that in order to maintain competition in the parcels sector, the cap on Royal Mail’s second-class stamp parcel service must remain. In its Review of the Regulation of Royal Mail, Ofcom said the post and parcel company “retains a strong position in single piece and light-weight bulk parcels”, and that maintaining the cap on second class stamp parcel prices would “ensure vulnerable consumers can access a basic universal service”. Ofcom found introducing a tracked standard parcel service would give […]
The big event for the MT basket of transport shares – the MT Tracker – is that Royal Mail will be joining this watching brief from tomorrow. The BBC is already reporting this morning that shares will trade at the top of the price range (around 330p) giving it a value of £1.7bn.
DPD is to open three new depots in London, Southampton and Dundee to handle the expected increase in parcel volumes this Christmas. The expansion – an investment of £4.3m by DPD – is expected to create 150 new jobs across its new depots at Southwark in London, Hedge End in Southampton and the West Pitkerro industrial site in Dundee. The new £2.3m Hedge End depot is set to replace its existing site at Chandlers Ford and will become fully operational […]
John Lewis has awarded a three year contract to Hermes, which will see the parcel carrier handle 48-hour home deliveries for parcels under 15kg. Parcels will be collected from the retailer’s regional depots six days per week and delivered to Hermes’ national hub in Nuneaton, Warwickshire, where they will be sorted. They will then be transported to one of Hermes’ regional depots and distributed to customers via one of its 7,500 couriers across the UK. The firm, who handle a […]