Royal Mail’s overseas division was still driving business growth in Q1 of its financial year, as letter volumes continued to plummet. For the three months ended 25 June, the first quarter of Royal Mail’s financial year, the group saw turnover growth of 1%. Its UK letters and parcels division, UKPIL, suffered a 1% turnover drop, while its overseas GLS grew revenue by 6%. Within UKPIL parcels volumes grew 5%, which the group said was driven by new contracts and growing […]
Profit fell by almost a third at Royal Mail in the first half of the current financial year, as the business invested heavily as part of its ongoing modernisation.
As the UK inflation rate rose through the year to reach 3.1% in November, the highest in nearly six years, 2017 saw industrial unrest gather momentum in the logistics sector, as drivers demanded increased pay or bridled against company measures to cut costs.
TNT Post UK has submitted a formal complaint to regulator Ofcom claiming that rival Royal Mail has breached its regulatory conditions.