“Prepare for January rollercoaster ride,” home delivery firms warned

Bullet Express has bought 180,000sq ft of land behind its Baillieston, Glasgow storage centre with plans to build a £5m multi-temperature warehouse to meet rocketing demand from customers.

Royal Mail has gone all-in on a strategy based on parcels growth and international expansion to ensure its future, after its annual operating profit collapsed by more than a quarter as the decline in letter deliveries continued apace.

Wincanton increased revenues by 16.3% to £1.4bn and saw underlying profits before tax soar to £58.1m, preliminary results showed.