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 […]
TNT Post is to go to court next month to challenge rival Royal Mail’s tax exemption status as the universal service provider, just as the state-owed post and parcel carrier prepares for its floatation.
With volumes and demand on the up, 2012 has been a year of change for parcel carriers. But adjusting to the increase in demand in a competitive market has been easier for some than it has for others. Motortransport.co.uk looks back at some of the biggest stories in the parcel market during the past 12 months. UPS agrees TNT takeover bid Parcel giant UPS’ planned acquisition of TNT Express was one of the most talked about stories in the parcels […]
UK Mail saw a 25% year-on-year increase in daily parcels volume during the first quarter of this year, the post and parcel carrier has revealed.