Royal Mail is to roll out 1,400 parcel postboxes across the UK in a move to win a greater share of the online shopping market. The move follows a successful trial of 17 parcel postboxes in Northampton and 13 in Leicester last year. If this latest roll out is successful, Royal Mail will look at converting all its existing post boxes to take parcels. The company has 115,000 postboxes, which are less than half a mile from 98.3% of all […]
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.
TNT Express saw a 13% drop in EMEA operating profit in the third quarter, despite a 3,2% turnover rise, due to “challenging trading conditions in Europe”. The parcel firm, which last week received a statement of objections from the European Commission ahead of its acquisition by UPS, did not perform as well in its EMEA operations as it had during the same period in 2011, its Q3 trading results revealed. Reported operating profit margins fell from 6.4% in Q3 2011 […]
TNT Express has admitted that it is unlikely to hit its profit improvement target for 2015, following an increase in competitive pressures and poor trading conditions in Europe.