DX Group

DX (Group) plc
Public limited company
Traded as LSE: DX.
Industry Logistics
Founded 1970
Headquarters Ditton Park, Berkshire, United Kingdom
Area served
 United Kingdom and Ireland
Key people

Lloyd Dunn
(CEO)

Ron Series
(Chairman)
Products DX Exchange
DX Mail
DX Secure
DX Courier
DX 1-Man
DX 2-Man
DX International
DX Logistics
Number of employees
 Over 3,000
Website www.dxdelivery.com
A DX lorry in London.

DX (Group) plc (trading as DX and DX Freight) is a British mail, courier and logistics company, with operations throughout the United Kingdom and Ireland.[1]

With operational hubs and head offices in Ditton Park (Head Office), Bristol, Northampton, Nuneaton, Warrington, Willenhall and Dublin, plus more than 3,000 staff, DX's network covers most UK and Ireland business and residential addresses.

Established in 1975 during the Royal Mail postal strikes of the 1970s, DX Group has been in private ownership since 2006 and combines DX Network Services Ltd, DX Secure (previously Secure Mail Services (SMS)) and, as of 15 March 2012, DX Freight, previously known as Nightfreight GB until its acquisition in 2012.[2]

History

DX Group's origins lie within the legal sector, with the DX Document Exchange members' network supplying the majority of legal firms within the UK. It became part of the Hays plc group in the 1990s but was demerged in 2004 when Hays disposed of its logistics businesses.[3] With the acquisition of DX Secure (Secure Mail Services), DX became a more prominent player for mail and courier deliveries to residential addresses. This is a market which has in recent years experienced a huge increase in popularity and volume due to internet shopping.

On 27 February 2014 DX began trading on the London Stock Market's AIM subdivision.[4]

Throughout 2018, and under new leadership, DX has committed to turning around the business and in July announced a Trading Update that met market expectations, saying 'The board believes the Group remains well positioned to make further progress against its Turnaround Plans'.[5]

Competitors

Major UK competitors include Hermes, Parcelforce and Yodel. International competitors include FedEx, DHL and UPS. DHL is the company's biggest competitor, owing to the nature of the material carried.

References

  1. ↑ DX Group Website
  2. ↑ Nightfreight Acquisition Confirmation
  3. ↑ The Independent, https://www.independent.co.uk/news/business/news/hays-demerges-dx-mail-business-to-complete-shake-up-41334.html
  4. ↑ Economic Voice,
  5. ↑ https://irpages2.equitystory.com/websites/rns_news/English/1100/news-tool---rns---eqs-group.html?article=27746018&company=dxgroup
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.