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. The newly-privatised operator saw year-on-year turnover increase by 2% in the 12 months to 30 March 2014. Turnover derived from its parcels business increased by 7% to £3.1bn (2013: £2.9bn), despite what CEO Moya Greene described as more intense competition in the sector. However, Royal Mail expects parcel volume growth to slow this year, stating that […]
TNT Express has said it hopes to see a “positive impact” from its profit improvement plan in the second half of 2013, after reporting a 26% drop in first quarter EMEA (Europe, Middle East and Africa) operating profit.
Profit at TNT UK almost quadrupled in 2012, during a year that put parent company TNT Express under pressure while the proposed takeover by parcel giant UPS was being considered.
The government’s strategy for roads funding has been branded “a failure” after money was used repeatedly to fill in potholes and not address the resilience of the network, according to a report.