Home / Royal Mail / TNT Plan 'Cuts £200m From Royal Mail Revenue'

TNT Plan 'Cuts £200m From Royal Mail Revenue'

Royal Mail has warned that delivery plans by rival TNT could reduce its revenue by £200m in coming years. It said TNT Post UK's expansion strategy would cost it £200m in the 2017/18 financial year. It told regulator Ofcom that "absent intervention" would risk damaging its ability to reach a pre-tax profit margin of 5% to 10%. Direct deliveries from rivals undermine the universal service because …

More: continued here

About admin

Check Also

Delivery company collapses as customers face parcel delivery delays

The courier company has ceased trading without notice, causing disruption to Evri deliveries Ethan Blackshaw …

Leave a Reply

Your email address will not be published. Required fields are marked *