Royal Mail warns on overcapacity in parcels market


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. Parcel volumes at Royal Mail Group rose 3% year-on-year to 1.01 billion items for the year-ending 29 March, but revenue from this business rose by just 1% to £3.19bn as the growth came from low average unit revenue items. It also warned that the parcel market […]