Royal Mail offset declining letter volume with its growing parcels operation in a year that saw it surpass the £10bn turnover mark for the first time, but saw pre-tax profit fall by more than a third (37%). For the year ended 25 March the group saw its turnover rise 2% to £10.2bn (2017: £9.8bn) but pre-tax profit tumbled to £212m compared with £335m a year ago. The share price of the country’s biggest road freight operator fell 6% (35p) shortly […]
The post and parcels industry has said the impending Royal Mail strike could force customers to rethink their delivery options as rival operators prepare for disruption to their final-mile deliveries.
Fierce competition for southbound loads combined with rising operating costs saw Currie Solutions deliver a pre-tax loss for the second year in a row, its latest annual accounts show.
A reliance on agency staff and hire vehicles at CS Ellis to meet an increase in work dented the operator’s annual profit, newly published accounts show.