Re-opening of 10 former Tuffnells depots
16/10/2023 07:00
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231016:nRSP1253Qa&default-theme=true
RNS Number : 1253Q DX (Group) PLC 16 October 2023
AIM: DX.
DX (Group) plc
("DX" or "the Group")
Re-opening of 10 former Tuffnells depots
Total number of former Tuffnells depots reopened reaches 12 since late June
2023
DX, a leading provider of delivery solutions, including parcel freight, secure
courier, 2-Man and logistics services, is pleased to announce that it has
reopened a further 10 of the 15 former Tuffnells Parcels Express Limited
("Tuffnells") depots that the Group took over from the Administrator of
Tuffnells in late June 2023. This takes the total number of depots that have
been brought back into operation to date to 12.
The 10 depots now back in operation will all serve the Group's Freight
division, and in particular its IDW (irregular dimension and weight) delivery
services. Four of the 10 sites are in new locations for the Freight division.
These are located in: Andover, Hampshire; Haydock, Merseyside; Leighton
Buzzard, Bedfordshire; and Lockerbie in south-west Scotland. The remaining six
new depots have been opened to replace existing Freight locations and are
located in: Carnforth, Lancashire; Crawley, West Sussex; Dewsbury and Leeds,
both in West Yorkshire; Northampton, Northamptonshire; and Sheffield in South
Yorkshire. All the new depots were acquired for their enhanced, purpose-built
cross-dock facilities and excellent transport links.
The latest openings have accelerated DX's programme to expand and develop its
depot network, and have significantly increased the Group's freight capacity
and capabilities. As previously announced in the Group's full year results
report for the financial year ended 1 July 2023, DX has added over 700 former
Tuffnells customers to date, and over 350 former Tuffnells employees have
joined the Group. DX estimates that its market share in the IDW market has
grown from 15% to around 25%.
This significant capacity and volume expansion is expected to help drive
further operational efficiencies, reducing stem mileage and carbon emissions,
and enhance customer service levels, an important differentiator for the
Group.
Paul Ibbetson, Chief Executive Officer of DX (Group) plc, commented:
"We have now reopened 12 of the 15 former Tuffnells depots that we took on
from the Administrator of Tuffnells in late June. These openings substantially
increase our freight capability across the country, from the South of England,
through the Midlands, Yorkshire, and into Scotland. They will provide the
additional capacity we need to handle the volume growth that we are
experiencing. They will also support our drive for further efficiencies,
environmental and customer service benefits.
"Developing the depot network is a key component in delivering our continued
growth plans, and we expect to be able to report 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. - NC
This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END NRAFLFIEIALVLIV