Royal Mail’s profit warning has been met with shock by analysts who have warned that the group faces relegation from the FTSE 100 if it cannot tackle its productivity problem. In a trading update for the half year to 23 September 2018 released yesterday (1 October) the group revealed a 7% fall in addressed letters and productivity gains at just 0.1%, well short of its target of 2-3% growth. Royal Mail said the 18-month labour dispute that ended in January […]
The loss of a major customer at the end of 2016, alongside increasing costs for drivers’ wages and fuel inflation, saw Foulger Transport head into the red in 2017.
Tilbury, Essex-based logistics and freight forwarding firm Arcese UK has slumped into the red, but has vowed to increase both turnover and profit this year.
Ofcom has announced a “fundamental review” into the regulation of Royal Mail, after the withdrawal of Whistl’s final mile delivery service left it without a major competitor in the postal market.