UK Mail chief executive Guy Buswell (pictured) has stepped down with immediate effect, after the installation of incompatible parcel sorting technology at its purpose built new hub. His departure comes just a week after UK Mail’s interim results showed even greater losses than had been anticipated. It has begun a search for Buswell’s replacement, and has appointed company founder and non-executive chairman Peter Kane to fill in as interim executive chairman in the meantime. The company saw its profit slashed […]
Pre-tax profit fell by almost a third at UK Mail in a year that saw the group move to a new hub and fit-it with incompatible parcel sorting technology.
UK Mail plans to relocate its national hub from Birmingham to Coventry after reaching an agreement with the DfT over its High Speed Rail 2 (HS2) plans.
UK Mail said it has “positive momentum” before it enters the Christmas peak, as investments in additional capacity have allowed it to make “further progress” , while it waits for its proposed acquisition by Deutsche Post DHL to conclude.