Partly Cloudy

Partly Cloudy

max temp: 21°C

min temp: 14°C

Search

Services: Parcel revenues deliver boost for Royal Mail

PUBLISHED: 10:35 24 January 2014 | UPDATED: 15:26 24 February 2014

Royal Mail handled 115million parcels in December as the newly-privatised delivery firm continued to reap the benefit of the online shopping boom.

The company’s seasonal workload, which saw a peak of 10m parcels on its busiest day, also included a rise in stamped mail volumes as Britons remained loyal to Christmas cards for passing on festive good wishes.

Letter volumes were also boosted by the high level of mailings from energy companies following a round of price rises in the sector.

Parcel revenues were up 8% on a like-for-like basis in the nine months to December 29 after the company moved to price deliveries by size rather than weight. This meant parcel volumes were flat as a result of the loss of some large uneconomic items in the wake of the price change.

Royal Mail’s parcels division now accounts for more than half of group revenues, with the company claiming it handled significantly more parcels than any other carrier in the UK market.

Revenues from UK letters were down by 3% on a like-for-like basis in the nine-month period, although Royal Mail said this was better than the rate of 4% lower seen in the first six months of the period.

Chief executive Moya Greene said: “Our postmen and women have again delivered Christmas for the UK. We were delighted to see that people continue to send seasonal good wishes, with Christmas cards underpinning a like-for-like increase in our December stamped mail volumes.”

Royal Mail shares were flat at 588p in the wake of today’s update, having jumped from their flotation price of 330p in October.

Confidence has been boosted by a deal between the company and union leaders on pay, pensions and other issues linked to the privatisation of the postal group.

Comments have been disabled on this article.

Thousands of families and eager festival-goers braved the changeable weather this weekend to enjoy top bands, food and art at Jimmy’s Festival.

Trains running to and from London Liverpool Street are being delayed, cancelled and revised as a result of a signalling issue this evening.

Suffolk New College is launching its summer programme of sports sessions for youngsters this week.

This is the story of the Neptune Inn in Fore Street, but before we learn of its history there are two diversionary tales, writes John Norman.

Top international speakers and academics gathered at the University of Suffolk last week for the Children and Childhoods Conference.

A primary school in Ipswich has failed to improve its Ofsted rating despite converting to an academy, it has been revealed.

Dementia-friendly care homes, forward-thinking mental health services and a café for people with disabilities are among those through to the final of the 2017 Suffolk Care Awards.

Imagine a music festival featuring Queen, Oasis, and The Jam in the heart of Ipswich’s Christchurch Park.

Pupils at Farlingaye High School in Woodbridge saw in the holidays with a ‘festival-like’ acoustic evening.

Screen Suffolk bosses have said they are encouraged by the amount of interest shown in youngsters for a career in TV and film.

Most read

Show Job Lists

Topic pages

Newsletter Sign Up

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24