New Depot Openings
13/03/2023 07:00
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RNS Number : 4981S DX (Group) PLC 13 March 2023
AIM: DX.
DX (Group) plc
("DX" or "the Group")
Two new depot openings in Bracknell and Swindon;
Takes new site openings to six in current financial year
DX, a leading provider of delivery solutions, including parcel freight, secure
courier and logistics services, is pleased to announce the opening of two new
depots in Bracknell, Berkshire, and Swindon, Wiltshire. The openings take the
number of new sites opened, including depot relocations, since the start of
the current financial year in July 2022 to six.
Both sites will serve the Group's DX Express division and in particular its
Parcels operation, which provides highly-secure, tracked B2B and B2C
deliveries. Parcel volumes at the division have been growing strongly and
remain a major area for expansion.
The Bracknell site is located on Eastern Road Industrial Estate, and also
provides a new dedicated regional hub for DX Express. Previously the division
shared a site with the Group's DX Freight division, the move therefore
increases capacity for both divisions. The site in Swindon is located on Rushy
Platt Industrial Estate, and replaces a smaller DX Express depot in the area
with substantially larger facilities. Both depots are well-located, close to
motorway links that will allow them to become important centres for the
Parcels operation in their respective regions.
As well as increasing DX Express's capacity, these sites will improve
operational efficiency, and increase the division's local presence. The Group
places great importance on providing localised customer services, which
promotes closer customer engagement and higher service levels.
The new site openings are as part of the Group's ongoing £20-£25 million
investment programme, and further depot openings are planned in the remainder
of DX's current financial year ending 1 July 2023. Alongside substantial
investment in its delivery networks, DX continues to invest in new fleet,
including electric vehicles, parcel-handling mechanisation and new technology.
Paul Ibbetson, Chief Executive Officer of DX (Group) plc, commented,
"These new depots support DX Express's continuing growth, and in particular
Parcels' expansion. Our Parcels activity has grown significantly in the last
two years, and these new depots will increase capacity, improve efficiency and
enhance the division's customer service levels. We will be opening additional
new depots over the remainder of the current financial year."
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/Dan Mahoney
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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