Royal Mail has been fined £50m by Ofcom for a “serious” breach of competition law, in which it abused its dominant market position and deliberately targeted final mile delivery competitor Whistl. Whistl, then TNT Post, was trialling final mile operations in London and Manchester when Royal Mail announced a hike in its wholesale prices in January 2014. Its universal service meant Whistl had no choice but to use Royal Mail for final mile deliveries of mail everywhere it wasn’t able […]
Royal Mail’s European parcels division remained the business’s driving force in the nine months ended 24 December 2017, while its UK letter volumes and turnover continued to dwindle.
Whistl and UKP Worldwide are teaming up to offer customers a more streamlined customs clearance service for mail and parcel customers.
Royal Mail has gone all-in on a strategy based on parcels growth and international expansion to ensure its future, after its annual operating profit collapsed by more than a quarter as the decline in letter deliveries continued apace.