Welcome to Kardinal’s Parcel Delivery Digest, a weekly news digest about last mile delivery industry from various sources.
To read the articles, click on the images. Enjoy your reading!
Posti Q1 results: Strong profitability due to high operational excellence
In Q1, Posti's net sales decreased by 3.9% to EUR 382.1 million. Adjusted EBITDA increased to EUR 53.0 million, representing 13.9% of net sales. Parcel volumes grew by 5%, driven by Baltic countries, while addressed letter volumes continued to decrease by 16%.
PostNord Q1 results: Improved income in a market that remains weak
PostNord achieved higher profits despite lower revenues in Q1 2024, with net sales at SEK 9.5 billion, a 4% decline. Parcel volumes fell by 4%, while mail volumes dropped by 14% due to digitalization. Operating income improved to SEK 127 million.
Posten Bring rolls out Europe’s longest parcel locker network
Norway now boasts the longest parcel locker network in Europe thanks to a nationwide rollout by postal operator Posten Bring, with 6,000 self-service parcel lockers, available in 2,000 locations. High adoption rates with 40% usage in Oslo and 136% growth in collection points reflect strong demand.
UPS, FedEx transition to electric vans slowed by battery shortages, low supply
UPS and FedEx encounter hurdles in acquiring electric step vans for their fleet, due to battery shortages, van maker closures, and the loss of California EV vouchers, impacting their ability to meet climate goals.
GLS US launches direct delivery to and from Europe
GLS US integrates with its European network, providing direct parcel delivery between the U.S. and Europe. This move grants easier access to European markets, offering competitive transit times and expanding coverage domestically, positioning GLS US as a global player.
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