DX expands fleet with over 300 new vehicles

RNS Number : 9383V

DX (Group) PLC

20 April 2021

 

20 April 2021

DX (Group) plc

DX expands fleet with over 300 new vehicles

DX, a leading provider of delivery solutions, including parcel freight, secure courier, 2-Man and logistics services, is pleased to announce the continued expansion of its delivery fleet with the addition of over 300 new vehicles, taking the Group's fleet to over 900 vehicles.

DX has added a range of new vehicles to its fleet, including over 150 vans, including 65 bespoke vehicles for carrying irregular dimension and weight freight, 50 trailers, 50 tractor units and over 120 trucks, with vehicles liveried in DX branding. All DX vehicles are now fitted with advanced telemetry, vehicle camera and driver comfort and safety technology.

The new vehicles will serve both of the Group's divisions, DX Freight and DX Express, and are being rolled out across the Group's nationwide network.  They will increase the capacity and operational effectiveness of both divisions, supporting the Group's ongoing expansion.

The investment marks the latest step in DX's extensive expenditure programme to support future growth and the ongoing expansion of its network. Investment is focused on sites, technology and equipment. DX has already opened six new depots over the course of last year and this year, with further openings scheduled over the coming months. Additional investment in Group infrastructure is planned in both divisions.

DX sees significant growth opportunities for both DX Freight and DX Express, and expects to increase market share through its concentrated focus on setting market-leading customer service standards.

Lloyd Dunn, Chief Executive Officer at DX (Group) plc, commented:

"The addition of over 300 new vehicles is a significant expansion of our fleet, and part of our wider investment programme in the business. The new vehicles support our ambitious growth plans, increasing our capacity and operational efficiency in support of our ambitious growth plans.

"We have further investment planned across sites, technology and equipment, and with our aim to set market-leading customer service standards, DX is increasingly being recognised as the premier operator in its markets."

Enquiries:

DX (Group) plc		T: 020 3178 6378 (c/o
Lloyd Dunn, Chief Executive Officer		KTZ Communications)
David Mulligan, Chief Financial Officer
Beverley Weston, Marketing and Communications Manager
KTZ Communications		T: 020 3178 6378
Katie Tzouliadis
Dan Mahoney
finnCap (Nominated Adviser and Joint Broker to DX)		T: 020 7220 0500
Matt Goode/Simon Hicks (Corporate Finance)
Andrew Burdis (Corporate Broking)
Liberum (Joint Broker to DX)		T: 020 3100 2000
Robert Morton/Euan Brown/William Hall

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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