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ROYAL MAIL: DOMESTIC PARCEL VOLUMES UP 64%

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POSTMAN
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ROYAL MAIL: DOMESTIC PARCEL VOLUMES UP 64%

Post by POSTMAN »

https://postandparcel.info/124216/news/ ... mes-up-64/" onclick="window.open(this.href);return false;

Royal Mail has provided its first quarterly update on volumes in its Royal Mail and GLS businesses covering the period Monday 30 March to 28 June 2020. The quarterly reports will continue throughout the pandemic.

Royal Mail
  • Royal Mail Parcel volume up 38% year on year (117 million more parcels)
    Domestic account (ex. Amazon) parcel volume up 64%
    Addressed letters (ex. elections) volume down 33% (788 million fewer letters)
GLS
  • Volumes up 22% year on year
    Volume trends for the first quarter overall were broadly unchanged from the update provided on 25
    June, which covered the first two months of FY2020-21. There are no changes to the two scenarios for
    FY2020-21 previously outlined on 25 June.
Overview
  • Parcel growth in both Royal Mail and GLS continues to be driven by B2C and e-commerce.
    Advertising mail in Royal Mail continues to be impacted by GDP and low levels of business activity.
    As the UK starts to come out of lockdown we are not seeing any change as yet in customer behaviour.
    Our customers are wanting more parcels delivered to their homes and are sending fewer letters. We
    are working as quickly as we can to adapt our business to meet our customer needs.
    The initiatives announced on 25 June, namely the integration of Parcelforce into Royal Mail, the
    management restructure and actions on non-people costs in Royal Mail, alongside Group capex
    reduction initiatives, are all underway.
    Following the Joint Statement on 29 June between Royal Mail and CWU, talks with CWU are progressing.
    Royal Mail will hold its AGM on 8 September. A further update on second quarter volumes will be
    published in October.
VERY IMPORTANT AND INFORMATIVE CORONAVIRUS THREAD HERE
It's good to get these types of threads, the ridiculous my manager said bollox so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low life c***s they have always been.
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ROYAL MAIL: DOMESTIC PARCEL VOLUMES UP 64%

Post by POSTMAN »

Letter from Stuie...
https://www.royalmailchat.co.uk/communi ... 5&p=908806" onclick="window.open(this.href);return false;
VERY IMPORTANT AND INFORMATIVE CORONAVIRUS THREAD HERE
It's good to get these types of threads, the ridiculous my manager said bollox so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low life c***s they have always been.
postareale
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Troubled Royal Mail sees parcel volumes surge as sales move online in lockdown

Post by postareale »

https://www.standard.co.uk/business/roy ... 04446.html

Troubled Royal Mail sees parcel volumes surge as sales move online in lockdown
ALEX LAWSON
The Evening Standard

Royal Mail has shipped 117 million more parcels than last year during lockdown as the pandemic triggered a boom in ecommerce.

The postal specialist said parcel volumes were up 38% while its domestic account parcel volumes, which exclude Amazon deliveries, saw 64% growth.

However, the letters market continues to be a drag for the group, which is under attack from an activist. The firm said 788 fewer letters, a 33% fall, were sent in the period from March 30 to June 28. The company said low levels of business activity were also an issue.

It told investors: “As the UK starts to come out of lockdown we are not seeing any change as yet in customer behaviour. Our customers are wanting more parcels delivered to their homes and are sending fewer letters. We are working as quickly as we can to adapt our business to meet our customer needs.

“The initiatives announced on 25 June, namely the integration of Parcelforce into Royal Mail, the management restructure and actions on non-people costs in Royal Mail, alongside Group capex reduction initiatives, are all underway.”

The Standard last week reported that Czech energy tycoon Daniel Kretinsky had bought another big chunk of Royal Mail, lifting his shareholding up to 12.1% as part of his gamble that the company's shares are drastically cheap.

The billionaire known as the Czech Sphinx for his secretive ways now owns a stake worth £222 million after his vehicle, Vesa Equity, upped its stake from 11% and taking its holding up to 1 million shares.

Royal Mail shares have plunged as people have stopped sending letters and union disputes have battered confidence in the firm and chief executive Rico Back was ousted in May with a £1 million payoff.
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