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 planned privatisation will go ahead with the sale of shares through an initial public offering (IPO) this year, the government has revealed.
The Communication Workers Union has accused Royal Mail’s court action against a planned strike as a “desperate delaying tactic” and claimed industrial action is “inevitable”, after the High Court ruled the scheduled walkout to be unlawful yesterday.
TNT Post is to conduct a second end-to-end delivery trial from mid-April in west London, following the successful conclusion of a final-mile trial in Liverpool. The private postal operator has held long-term ambitions to roll-out a complete end-to-end service rivalling Royal Mail, but says it has been unable to achieve this goal due to the national incumbent’s exemption on final mile deliveries. Nick Wells, TNT Post chief executive, says: “TNT Post has built an excellent reputation for quality, innovation and […]