In a world where the impact of climate change is becoming increasingly evident, businesses across industries are taking steps to reduce their environmental footprint. The shipping and logistics sector, which plays a pivotal role in global trade, is no exception. Companies like DHL, USPS, and UPS are actively embracing sustainability initiatives to minimize their carbon […]
There’s a part of the UK printing industry that has been the subject of many millions of pounds worth of investment in recent years, resulting in a massive increase in the available capacity.
Royal Mail results reflect parcels boom Jo Francis Thursday, May 20, 2021
The pandemic-related parcels boom has resulted in a big jump in sales and profits at Royal Mail – with parcel revenues outstripping letters for the first time in the group’s five-century history.
Royal Mail has brought in new services such as parcel collection
Overall group sales, including overseas parcels business GLS, were up 16.6% to £12.64bn in the 52 weeks to 28 March.
Adjusted operating profit more than doubled, jumping from £325m to £702m, while net debt of £46m in the prior year transformed to a net cash position of £622m.
However, Royal Mail pointed out that parcel volumes slipped slightly in April, and said that “significant uncertainties with respect to public health and economic growth cloud the outlook for the year ahead”.