Royal Mail has warned that revenue in its UK parcels business was lower than it anticipated in the last three months due to competition in the market for deliveries. In an interim statement for investors published today, the newly privatised Royal Mail said that while UK parcel volumes rose 1% in the three months ending 29 June, revenue in the division had fallen by 1%. It singled out lower export parcel volumes – a result of a strong British […]
Courier CitySprint has acquired Warrington-based Sameday UK, its 10th acquisition in three years.
TNT Post is to go to court next month to challenge rival Royal Mail’s tax exemption status as the universal service provider, just as the state-owed post and parcel carrier prepares for its floatation.