Royal Mail has admitted it expects to make a loss in this financial year and won’t return to profit unless the business is overhauled to reflect a decline in letter volumes and a boom in parcel deliveries. In its latest trading update covering the five months ending 30 August, it confirmed there had been a substantial shift in the business from letters to parcels and that the growth was being driven by B2C and e-commerce. This led to better than […]
DX Group has acquired almost half of last-mile delivery firm Gnewt Cargo for £1.75m.
The profitability of the Cartwright group was already on a “downward trajectory” before the advent of the coronavirus pandemic, with margins impacted by loss-making contracts, according to administrators.
Fleet service, maintenance and repair (SMR) has rebounded and is now back up to 60% of pre-coronavirus levels, according to e-commerce provider epyx.