TNT Post UK has secured funding to roll-out a final mile delivery service across the UK, in a bid to rival the service currently provided by Royal Mail. Parent PostNL has revealed a joint venture with private equity firm LDC, which will provide funding for a phased introduction of the service, which has been trialled in London and Greater Manchester. The joint venture is expected to close in early 2014, subject to approval by the European Commission. PostNL’s executive committee […]
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 […]
UPS and TNT Express do not now expect their multi-billion euro merger, announced in March, to be completed until early 2013. The operators had originally hoped to seal a deal in the first half of the year, but involvement from the European Commission as regulator scuppered this timetable. Last month the European Commission temporarily suspended the takeover to allow regulators more time to gather information, a process that is ongoing. Despite this UPS and TNT had still expected to complete […]
TNT Post said it will work with Royal Mail to ensure that final mile deliveries continue, following a vote which saw the majority of union members at Royal Mail support a boycott of competitors’ mail and packet deliveries.