Growth in parcels revenue failed to offset the continuing decline in letter volumes in the first nine months of its financial year, Royal Mail said today. While parcel volumes and revenue were both up 6% in the nine months ended 23 December, with the firm citing a strong performance during the Christmas period, addressed letter volumes were 8% lower and letters revenue 6% down year-on-year. It meant the operator’s core UKPIL revenue was down 1% in the period, although group […]
Royal Mail is to make deeper cost savings across the business, as its half-year results report a 1% rise in group turnover.
Royal Mail Group has warned of overcapacity in the parcel market, which is leading to downward pressure on pricing, despite it handling over one billion items in a financial year for the first time.
A degree-level apprenticeship standard will be available to the supply chain sector from mid-2018, after Uniserve Group’s Supply Chain Leadership framework was approved by the Institute for Apprenticeships.