DX Group has issued a profit warning, citing the shortage of HGV drivers as a key factor in driving up costs. In a trading update the company warned that a driver shortage, pricing pressures, volume erosion at its secure delivery service DX Exchange, and the slow conversion of its new parcels business pipeline had contributed to a 5.3% revenue fall in the first four months of this year, compared with the previous quarter. “The board now expects profits will be […]
Whistl’s logistics division plans to increase the size of its network during the next two years, with plans to move into more “affluent” logistics areas.
DX Group sales and marketing director Paul Doble has warned that online retailers are in danger of overwhelming capacity on their distribution networks in the run up to Christmas. Financial services firm Experian has predicted a 36% rise in online retail visits today and Doble said retailers should re-assess their delivery capabilities. Carriers are offering collection two working days before Christmas. TNT Express, DPD, FedEx, Hermes and UK Mail all said that 21 December is the last day they can […]
DX Group saw turnover slip during the first half of its financial year as it continued with its strategy of ending commercially unattractive contracts that were inherited with its acquisition of the former Nightfreight business.