Whistl has signed a seven year contract with pension and asset management company Aegon. The former TNT Post will collect, sort and transport 10 million items of post for Edinburgh-based Aegon every week. The operation will be fulfilled at the company’s new Tannochside sorting depot, which opened last year. Three times the size than its former Coatbridge site, it can sort up to two million items a week. Whistl chief executive Nick Wells said: “Whistl has gone from strength to […]
UK Mail chief executive Guy Buswell has said the company will be investing in its depot network and automated sortation equipment after delivering an18% uplift in pre-tax profit.
Whistl has brought in former TNT MD Alistair Cochrane as it ramps up its presence in the parcel delivery sector.
UK Mail remains confident about its long-term prospects, and has now got a handle on problems at its new sortation hub that are set to have a significant impact on its full year earnings.