Express parcels and mail provider UK Mail Group says it is taking action to plug the gaps in its pallet distribution business UK Pallets. It reported a significant decline in operating profit from this division during the first six months of the financial year. While revenue from its pallets business rose 0.8% to £14.3m in the six months to 30 September compared to the same period last year, operating profit fell over 26% to £800,000, said the firm. UK Mail […]
The MT Top 100 largest operators in the UK run on an average margin of just 2.6%, and this comes after the industry became more profitable in 2012.
UK Mail Group saw a 20% increase in parcel volumes and improved performance in its pallets division during the third quarter, it has revealed in an interim management statement today. The firm saw an increase in turnover for its pallets business during the period, after seeing a significant decline in operating profit for the division during the first six months of the financial year. Group sales were “above [our] previous expectations” for the period covering 1 October to 31 December […]