UK Mail is anticipating a fall in both pre-tax profit and turnover for the year ended 31 March 2016 after the installation of incompatible technology incurred huge costs. The group, which has struggled since its new facility was fitted with automatic sortation technology that wasn’t compatible with its operation, expects to see its turnover drop by 1% for the year. In a trading statement, UK Mail said it expected a fall in pre-tax profit that was “in line with management […]
The extraordinary general meeting called for by a DX Group shareholder has been cancelled after the delivery company announced its intention to buy Menzies Distribution.
Last month MT exclusively revealed that Yodel chief executive Jonathan Smith is to leave the parcels firm after two years in charge of the combined DHL Express Domestic UK and HDNL (not to mention 18 months in charge of the DHL business alone). Smith’s CV shows more than 20 years’ experience in parcels, including a spell as chief executive of City Link – before its problematic take-over of Target Express – and a regional director role at British Rail’s parcels […]
UPS predicts that tomorrow (20 December) will be its busiest day of the year with an estimated 28 million packages delivered worldwide. The parcels giant expects to deliver over 12 million more packages on its busiest day than its daily worldwide average of 15.8 million parcels. It anticipates delivering 527 million parcels globally in the four weeks running up to Christmas, a 9.7% increase on 2011’s 480 million. The carrier also expects a surge in return volumes on 3 January, […]