Deutsche Post DHL’s purchase of UK Mail has completed, meaning the postal operator is now fully owned by the German company. DHL announced its intention to buy UK Mail for £242.7m in September, in a bid to offer its domestic customers a stronger cross-border parcel delivery service. Prior to the deal, UK Mail had had a turbulent recent past, after it bought incompatible sortation technology for its new Coventry hub. This resulted in an 80% plunge in pre-tax profit after […]
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.
Parcel, haulage and freight firm Caribou is continuing its acquisition drive with the purchase of Swindon-based Six Ten Logistics.
Rising parcel volume almost offset the fall in Royal Mail’s letters volume, a trading statement for the nine months ended 27 December 2015 said.