Royal Mail is to make deeper cost savings across the business, as its half-year results report a 1% rise in group turnover. For the six months ended 25 September, Royal Mail saw group turnover increase from £4.39bn to £4.58bn. Operating profit (before transformation costs) dipped 5% from £342m to £320m, with adjusted pre-tax profit up 5% from £240m to £252m. UKPIL, the group’s domestic letters and parcels division, saw turnover dip 1% to £3.64bn and operating profit (before transformation costs) drop 14.8% from £290m […]
Parcelforce Worldwide has released the details of its contract with Palletways, revealed by Motortransport.co.uk in January.
Royal Mail has said its Christmas deliveries will not be affected by industrial action, as it reaches an agreement with the Communication Workers Union (CWU) after weeks of talks.