Peak parcel volumes at Royal Mail Group were up 4% year-on-year, with the post and parcel giant handling 120 million in December alone. Despite a 3% increase in parcel volumes, parcel revenue remained flat in the nine months to 28 December 2014, the operator said in a trading statement today. It attributed the growth in volumes by rising imports and targeting new business sectors in its account parcels division. It also planned heavily for the peak period, with the opening […]
City Link’s profit and volumes suffered as it fell victim to lower than expected demand during the Olympic Games. The parcel firm posted a turnover of £76.2m for the three months ending 30 September, a 2.4% increase on the same period in 2011. It is the first time City Link has reported year-on-year growth in the last five years, Managing Director Dave Smith said. It made an adjusted operating loss of £5.5m in the third quarter, a 19.1% rise on […]
DX Group has issued a profit warning due to continuing challenges in the courier market and margin pressure within its freight business.