New Depot Opening in Norwich
21/08/2023 07:00
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RNS Number : 8087J DX (Group) PLC 21 August 2023
AIM: DX.
DX (Group) plc
("DX" or "the Group")
New depot opening in Norwich
DX, a leading provider of delivery solutions, including parcel freight, secure
courier, 2-Man and logistics services, is pleased to announce the opening of a
new depot in Norwich. The opening significantly increases the Group's capacity
in the region and continues DX's programme to expand and develop its depot
network. It follows the opening of the first of 15 former Tuffnells Express
Limited ("Tuffnells") depots, secured in late June from Tuffnells'
Administrator, and is in addition to these depots.
The new site is located in Caley Close, north-west of the Norwich city centre
and comprises a 23,913 sq ft facility. It is the latest addition to the
Group's Parcels network, part of the DX Express division, which provides
highly secure, tracked deliveries to both business and consumer addresses. The
new depot also improves operational efficiencies, reduces stem mileage and
carbon emissions, and enhances customer service levels, a key focus for the
Group.
In addition, the new site has enabled the existing depot in east Norwich, on
the Broadlands Business Park, to become a dedicated depot for the DX Freight
division, which specialises in the delivery of irregular dimension and weight
items and provides 2-Man and logistics services. A raised dock will be
installed to support the freight operations from this site and to improve
efficiency.
The reopening of the balance of former Tuffnells sites is under way, and
additional priority site openings are targeted, alongside the planned freehold
development of a regional hub in Nottingham.
Paul Ibbetson, Chief Executive Officer of DX (Group) plc, commented:
"The current financial year is a major year of investment. This latest depot
opening in Norwich significantly increases our capability in the area for both
our Parcels and Freight operations. It also delivers further efficiencies,
environmental and customer service benefits.
"Enlarging and improving the depot network underpins the continued successful
delivery of our growth plans over the short to medium term, and we look
forward to reporting on further openings over the coming months."
Enquiries:
DX (Group) plc T: 020 3178 6378 (c/o KTZ
Paul Ibbetson, Chief Executive Officer Communications)
David Mulligan, Chief Financial Officer
KTZ Communications T: 020 3178 6378
Katie Tzouliadis/Robert Morton
About DX (Group) plc:
DX is a well-established provider of a wide range of delivery services to both
business and residential addresses across the UK and Ireland. First
established in 1975 as a Document Exchange service to the legal sector, DX now
provides one of the widest ranges of overnight delivery services in the
market, as well as logistics services. Items that DX transports range from
confidential documents and valuable packages to large, awkward-to-handle
freight, unsuitable for automated conveyor.
The Group operates through two divisions, DX Freight and DX Express.
· DX Freight comprises DX 1-Man, and Logistics/2-Man, with the
Division being only one of a small number of operators that provides an
overnight delivery service for irregular dimension and weight freight ("IDW").
· DX Express comprises DX Parcels and DX Exchange and Mail, with
the Division specialising in the express delivery, including pre-9am, of
parcels and documents.
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