Light summer period

[FirstPost]

Where has this gone? I remember this time of year used to really die down right about now but tracked parcels still through the roof and Thursday and Friday are heavy for letters now

[TopperGas]

Where has this gone? I remember this time of year used to really die down right about now but tracked parcels still through the roof and Thursday and Friday are heavy for letters now

Customers use to ordering something virtually daily aren't going to stop just because it's the summer, in fact they are probably now busy ordering fans and summer clothing!!

What I can't get my head around is how RM still aren't making any decent profits, when we've virtually doubled delivering large parcels in the last couple of years at our DO.

[A2B]

I don't claim to know anything about accounts and don't know if I'm phrasing this correctly but are RM deducting the massive amount of money they put into new hubs and other automated equipment from the profit from parcels? Basically once the debt is down profit margins will be through the roof.

If what I've written above isn't correct why have they invested so much money in these systems for so little profit?

Is our billionaire owner a fool who likes to waste money, I think we all know the answer to that

[tramssirhc]

Where has this gone? I remember this time of year used to really die down right about now but tracked parcels still through the roof and Thursday and Friday are heavy for letters now

Summer lapsing? The new delivery method means full days every day.

[TopperGas]

I don't claim to know anything about accounts and don't know if I'm phrasing this correctly but are RM deducting the massive amount of money they put into new hubs and other automated equipment from the profit from parcels? Basically once the debt is down profit margins will be through the roof.

If what I've written above isn't correct why have they invested so much money in these systems for so little profit?

Is our billionaire owner a fool who likes to waste money, I think we all know the answer to that

No financial obversers ever seem to suggest that is the case when RM announces it's annual results?

[dazzler123]

Where has this gone? I remember this time of year used to really die down right about now but tracked parcels still through the roof and Thursday and Friday are heavy for letters now

its straight up addiction. Theyve ordered something for tomorrow before youve even delivered todays packet

[Perseus]

Where has this gone? I remember this time of year used to really die down right about now but tracked parcels still through the roof and Thursday and Friday are heavy for letters now

its straight up addiction. Theyve ordered something for tomorrow before youve even delivered todays packet

Exactly this. A lot of people are buying absolute rubbish so that at a certain time of day, each day they get a little Dopamine boost. Doom scrolling at night on tik-tok shop etc.

[funkflex55]

I don't claim to know anything about accounts and don't know if I'm phrasing this correctly but are RM deducting the massive amount of money they put into new hubs and other automated equipment from the profit from parcels? Basically once the debt is down profit margins will be through the roof.

If what I've written above isn't correct why have they invested so much money in these systems for so little profit?

Is our billionaire owner a fool who likes to waste money, I think we all know the answer to that

No financial obversers ever seem to suggest that is the case when RM announces it's annual results?

The company and others definitely do invest money in order to reduce the profits made. This will mean less tax to pay on any profits after all those deductions are made. RM will continue to invest in automation and more green agenda nonsense. This will allow them the plead poverty, avoid decent pay rises and push the government to further reduce the USO. And of course reduce taxation paid.

[Mr Rush]

Doom scrolling at night on tik-tok shop etc.

And the Network Window gets later and later to accommodate them.

Conspicuous consumption is not something anyone in power is going to disuade because our entire civilisation is currently founded on it increasing annually. Something as reasonable as the population not exploding every generation constitutes imminent societal collapse.

[iHateD2Ds]

Royal Mail's billionaire owner, Daniel Kretinksy, has pulled £114m out of the business, money paid to a company he controls to cover interest on the debt that funded his £3.6bn takeover.

The payment is awkward, because Kretinsky told MPs earlier this year that Royal Mail wouldn't hand out dividends if service got worse, and the latest Ofcom figures show on-time letter deliveries slipped again last year.

Parent company IDS insists it doesn't count as a dividend, saying: "The dividend was paid by IDS to its immediate UK parent, EP Distribution Services Limited, and was ultimately used to fund interest on the debt that financed EP's acquisition of IDS."

It lands at a sensitive moment, with the company having delivered an estimated 219 million letters late last year while the price of a first-class stamp has climbed to £1.80, almost double what it cost in 2022.
Source: Facebook https://share.google/KK3UOsQ2W4PsKfzZm

[Chelseablue]

Think a lot of ppl are fed up way the world is and order pkts obsessively now .