RCS - DX (Group) PLC - Additional Central Hub Opening in Nuneaton

DX (Group)Announcement

06/11/2023 07:15

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RNS Number : 3874S  DX (Group) PLC  06 November 2023

AIM: DX.

DX (Group) plc

("DX" or "the Group")

 

Additional Central Hub Opening in Nuneaton

 

DX, a leading provider of delivery solutions, including parcel freight, secure
courier, 2-Man and logistics services, is pleased to announce the reopening of
another former Tuffnells Parcels Express Limited ("Tuffnells") depot. This
depot located in Nuneaton, is one of the 15 depots taken on by DX from the
Administrator of Tuffnells in late June 2023. This latest opening takes the
number of former Tuffnells sites to have been reopened to 14.

 

The Nuneaton depot will serve as an additional central hub for the Group's
Parcels business, part of the DX Express division. It will deliver additional
capacity and assist with seasonal peaks, following continued Parcels'
growth.  The new hub is located on a 2.75 acre site in the Bermuda Industrial
Estate, south of Nuneaton, and has a purpose-built 18,994 sq. ft. cross dock
facility and space for 47 trailers. It has very good transport links, with
convenient access to both the M6 and M69 motorways. As well as providing
further capacity, it will improve operational efficiencies, by reducing stem
mileage and carbon emissions, and enhances customer service levels, a key
focus for the Group.

 

This latest opening is part of the ongoing major capital programme in the
business as management continues to drive the Group's growth and development.

 

Paul Ibbetson, Chief Executive Officer of DX (Group) plc, commented:

 

"We continue to invest significantly in the business and are pleased to add an
additional central hub in Nuneaton to serve our DX Express division. This new
hub supports the existing hub and increases the capacity and capability of our
Parcels operation, which is growing strongly, and delivers further
efficiencies, environmental and customer service benefits.

 

"We have now reopened all but one of the 15 former Tuffnells depots that we
took on at the end of June and I am pleased with the efficiency and speed with
which we have successfully integrated them into our networks. The creation of
an efficient depot network is key to our growth plans over the short to medium
term."

 

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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