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 has said it is “very disappointed” that managers have voted to take strike action due to a pay dispute.
TNT Post UK has submitted a formal complaint to regulator Ofcom claiming that rival Royal Mail has breached its regulatory conditions.
TNT Post has begun extending its end-to-end service in London and is seeking investors to fund the roll-out of the offer across the UK.