Royal Mail has revealed that fuel costs for its fleet of 37,000 light and heavy commercial vehicles are at a record high, pushing it to introduce a fuel surcharge for the first time. It has applied a 2.5% fuel surcharge to some of its contract parcels services to bring it more in line with competitors, which it said is “considerably lower” than other carriers’ charges. A Royal Mail spokesman told MT: “The price of fuel is a major element of […]
FedEx’s €4.4bn (£3.4bn) takeover of TNT Express is set to complete later this month, just over a year since the parcel giants announced the deal.
As the UK inflation rate rose through the year to reach 3.1% in November, the highest in nearly six years, 2017 saw industrial unrest gather momentum in the logistics sector, as drivers demanded increased pay or bridled against company measures to cut costs.
Delivery companies such as Hermes that use self-employed drivers need to change their business models, according to a select committee.