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 […]
Whistl UK posted a loss in the year it begin a nationwide roll-out of its own final mile delivery network.
Royal Mail celebrated the first wave of graduates to achieve its Foundation Degree in Logistics from Aston University last week, with more than £400,000 in operational cost savings posting an extra boost to the occasion. Designed for experienced managers who may not have studied since leaving school, the qualification combines work-based and academic study and takes two years to complete. In year two, a project overseen by senior Royal Mail logistics managers is undertaken, with more than £400,000 of savings […]
2013 was a year of moves forward for every transport firm listed on the Stock Exchange. And while we lost CityLink (to a management buy-out), we gained Royal Mail – and a whole heap of market capitalisation. So without further ado – let’s find out who the big winners were!