Ofcom has ruled that in order to maintain competition in the parcels sector, the cap on Royal Mail’s second-class stamp parcel service must remain. In its Review of the Regulation of Royal Mail, Ofcom said the post and parcel company “retains a strong position in single piece and light-weight bulk parcels”, and that maintaining the cap on second class stamp parcel prices would “ensure vulnerable consumers can access a basic universal service”. Ofcom found introducing a tracked standard parcel service would give […]
Having fired the starting gun on the sale of its remaining stake in Royal Mail last week, the government is out of the blocks and has sold 15% of its shareholding to institutional investors.
DPD is to open three new depots in London, Southampton and Dundee to handle the expected increase in parcel volumes this Christmas. The expansion – an investment of £4.3m by DPD – is expected to create 150 new jobs across its new depots at Southwark in London, Hedge End in Southampton and the West Pitkerro industrial site in Dundee. The new £2.3m Hedge End depot is set to replace its existing site at Chandlers Ford and will become fully operational […]
Royal Mail has revealed that fuel costs for its fleet of 37,000 light and heavy commercial vehicles are at a record high, pushing it to introduce a fuel surcharge for the first time.