New Depot Openings in Paisley and West Bromwich
14 September 2022
DX (Group) plc
Announces
New Depot Openings in Paisley and West Bromwich
Supporting continued growth of Freight business
DX, a leading provider of delivery solutions, including parcel freight, secure courier, 2-Man and logistics services, is pleased to announce the opening of two new depots in Paisley, Scotland and West Bromwich in the West Midlands. The new sites will support the continuing growth of the Group's Freight division, which provides parcel freight services to both business and residential addresses and specialises in the delivery of irregular dimension and weight freight ("IDW"). In the financial year ended 2 July 2022, revenues at DX Freight grew by 15%, significantly ahead of initial management targets. Together, the two new depots will create 80 new jobs.
The Paisley depot comprises c.22,000 sq. ft. on a 2.3 acre site and will enable DX to drive increased volumes and service levels to the west of Glasgow, as well as freeing up capacity at the Group's existing depot in Motherwell on the south-eastern side of Glasgow. The new c.37,000 sq. ft. depot at West Bromwich depot is on a 1.3 acre site. It will support the Group's depot in Cannock, which has secured significant new business.
These additional two sites take the total number of depots DX has opened so far in 2022 to five. Further site openings are planned as well as major upgrades to existing sites as the Group's continues to invest in its delivery network. The expansion of the network is a core element of DX's previously-announced £20 million to £25 million investment programme. The programme is also investing in the Group's vehicle fleet, handheld technologies, and IT systems.
Paul Ibbetson, Managing Director of DX Freight, commented:
"We are pleased to have opened two new DX Freight depots in Paisley and West Bromwich, taking the total number opened in 2022 to five. The sites boost capacity and enhance service levels in their respective regions. We plan further sites openings as well as major upgrades to existing sites as we scale our delivery network to support the Group's ongoing growth."
Enquiries:
|
DX (Group) plc |
|
T: 020 3178 6378 (c/o |
|
Ron Series, Executive Chairman |
|
KTZ Communications) |
|
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.
Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.
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.
Latest directors dealings
- 16 hours ago Savannah Energy
- 17 hours ago Buccaneer Energy PLC
- 17 hours ago Savannah Energy
- 17 hours ago Carclo
- 17 hours ago Schroder Japan Growth Fund