An inquiry into competition in the UK postal sector has been launched, after calls from Royal Mail to protect it from last mile delivery competition earlier this year. The Business, Innovation and Skills (BIS) committee yesterday said the inquiry would investigate access, end-to-end delivery of mail, the parcel delivery services available and the impact of competition on Royal Mail’s obligation to deliver a universal service. Royal Mail, which in June called for regulator Ofcom to protect it from last-mile delivery […]
Royal Mail is planning a nationwide roll out of its ‘Delivery to Neighbour’ service in late September, to bring its final mile service more in line with competitors. Currently the only major delivery company not offering the service, it is awaiting regulatory approval from Ofcom, which will allow Royal Mail to deliver large parcels and items that require a signature to neighbours when customers are out. Mike Newnham, Royal Mail’s chief customer officer, says: “The results of the trial showed […]
The government has confirmed it will sell shares in Royal Mail on the London Stock Exchange in the next few weeks.
Royal Mail’s parcels revenue has overtaken letters for the first time and now represents 60% of its entire turnover, according to the postal group.