Royal Mail has warned for a second time that competition from other carriers, this time Amazon’s own delivery network, will damage its growth prospects. In its half-year results, the company estimated that its total number of parcel deliveries in the UK should increase by 4% a year in the medium term, but said the impact of Amazon increasingly delivering its own parcels could reduce this growth to 1-2%. Back in June Royal Mail called for Ofcom to protect it from […]
Kuehne + Nagel group chief executive Reinhard Lange is to step down in May. The news came as the firm reported a dip in European EBITDA and turnover due to intense margin pressure.
Amazon has revealed its first custom electric delivery vehicle, designed and built in partnership with Rivian.
Royal Mail Group has warned of overcapacity in the parcel market, which is leading to downward pressure on pricing, despite it handling over one billion items in a financial year for the first time.