Royal Mail has said it delivered a “resilient performance in challenging markets” despite its group profit falling by a third in the last year. For the year ending 27 March 2016, pre-tax profit fell 33% from £400m to £267m despite turnover increasing 1% year-on-year to £9.2bn (2015: £9.3bn). Turnover derived from GLS, its European operation, was up 9% at £1.6bn, although Royal Mail said it expected this level of growth to slow in the coming years. Turnover from UKPIL – […]
Parcels distribution firm Yodel says it is working with immigration officials following a raid at one of its depots in Surrey last Friday (3 May) that resulted in the arrest of 10 men working there.
TNT Post will expand its final mile delivery service into Greater Manchester in November as part of its plans to roll-out a nationwide end-to-end network.
Royal Mail has warned that revenue in its UK parcels business was lower than it anticipated in the last three months due to competition in the market for deliveries.