TNT Post has begun extending its end-to-end service in London and is seeking investors to fund the roll-out of the offer across the UK. Parent company PostNL revealed that the operator is in the process of expanding its ‘final mile’ service into south west London, following successful pilot in west London. The trial, which began in April 2012, has seen end-to-end mail and packet volumes averaging 600,000 per week. PostNL is looking for co-investors to help fund the roll-out of […]
UPS says its takeover of TNT Express is likely to be completed in the fourth quarter. The US firm says it wants to carry out a what it describes as a ‘Phase II review’, as there are “certain areas that require more time to analyse”. This extended review could take up to 25 weeks to complete, which will mean the initial offer period will need to be extended beyond the original deadline of 31 August, and is now expected to […]
Turnover and pre-tax profit at Royal Mail Group continued to climb last year, despite increased competition in the parcels sector and declining letter volumes.
Royal Mail Group chief executive Moya Greene said that next year “would be a good aim” for the planned sale of the firm. Although there is no definite time frame for Royal Mail to be privatised, the government hopes the firm receives the capital it needs in 2013, Greene said at the Institute of Economic Affairs (IEA) and Marketforce Future of UK Postal Services conference in London yesterday (4 December). Greene said: “I know that Her Majesty’s government would like […]