DX (Group) PLC DX Expands Depot Network with New Burnley Site
October 21 2020 - 2:00AM
RNS Non-Regulatory
TIDMDX.
DX (Group) PLC
21 October 2020
21 October 2020
DX (Group) plc
Expands depot network with new Burnley site
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 Burnley as the Group
drives forward with its ambitious expansion plans for the
business.
DX, which last month revealed that it had completed the first
phase of its turnaround by returning to adjusted pre-tax profit, is
driving a strategic expansion of its Freight division. The Burnley
depot is the fourth opening this year for the division, which
specialises in B2B and B2C delivery of irregular dimension and
weight freight ("IDW"), following openings in Ipswich, Oxford and
Westbury.
The 21,000 sq. ft. depot at Altham Industrial Estate,
Accrington, increases the division's footprint in the North West,
providing additional capacity for further growth. It also allows DX
to enhance service levels to existing customers in the region and
provide more localised customer care.
In the last year, revenues at DX Freight grew by 7% to
approximately GBP170m and management has stated its intention to
significantly increase the division's market share in IDW.
Approximately GBP4m further investment in the division is planned
over the next 12 months in technology, equipment and fleet, and
additional new depot openings for both DX Freight and DX Express
are scheduled in the new year.
Paul Ibbetson, Managing Director of DX Freight, said:
"This new depot in Burnley significantly increases our presence
in the North West region, and allows us to further enhance service
levels to existing customers. Further depot openings are planned
during 2021 as we push forward with growth plans for the Freight
division."
Lloyd Dunn, Chief Executive Officer at DX Group, commented:
"DX Freight has undergone a remarkable transformation over the
last three years. This latest depot opening is a sign of the
confidence we have in the division and we are backing its growth
with further investment."
Enquiries:
DX (Group) plc T: 020 3178 6378 (c/o
Ronald Series, Chairman KTZ Communications)
Lloyd Dunn, Chief Executive Officer
Beverley Weston, Marketing and Communications
Manager
KTZ Communications T: 020 3178 6378
Katie Tzouliadis
Dan Mahoney
About DX (Group) plc
www.dxdelivery.com
DX is a well-established provider of a wide range of delivery
services to both business and residential addresses across the UK
and Ireland. 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 comprehensive
logistics services. The business transports items ranging from
confidential documents to large, awkward-to-handle freight that is
unsuitable for standard conveyors.
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