Expansion of Depot Network

DX (Group) PLC

24 April 2023

 

AIM: DX.

DX (Group) plc

("DX" or "the Group")

Expansion of Freight Depot Network

DX, a leading provider of delivery solutions, including parcel freight, secure courier, 2-Man and logistics services, is pleased to announce the expansion of its Freight-handling capacity with the opening of two new dedicated freight facilities in Warrington and Heathrow. Investment at these two sites takes the number of sites opened, relocated or expanded since the start of the current financial year to eight.

The opening of these two new facilities reflects the continuing expansion of both the Group's DX Freight division, which specialises in parcel freight and in particular awkward-to-hand freight (irregular dimension and weight ("IDW") items), and its DX Express division, which provides highly secure, tracked B2B and B2C deliveries.

During March 2023, DX Express activities at Warrington were moved to new dedicated facilities in Haydock. This has enabled the vacated site, which is on the Appleton Industrial Estate, to be repurposed and the 30,290 sq ft of space adapted to suit the needs of DX Freight. This has included the installation of a new raised loading-dock.

The site at Heathrow is a unit vacated by DX Express following its move to a new site in Bracknell and is adjacent to existing freight facilities at Lakeside Road Industrial Estate. The expanded site doubles the freight-handling capacity in Heathrow, and will further support the existing regional hub's operations, increasing potential throughput for the region.

Both investments not only increase the Group's Freight capacity but also improve operational efficiency and enhance customer service. DX management places great importance on providing localised customer services, which promotes closer customer engagement and higher overall service levels.

Further investment in the depot network is planned over the remainder of DX's current financial year ending 1 July 2023 as part of the Group's ongoing £20-£25 million investment programme. Alongside the substantial investment in its delivery networks, DX continues to invest in new fleet, including electric vehicles, parcel-handling mechanisation and new technology.

Paul Ibbetson, Chief Executive Officer of DX (Group) plc, commented,

"We have substantially increased investment in the depot network over recent years and this latest investment at Heathrow and Warrington significantly increases DX Freight's capacity in two important regions.

"As well as delivering further capacity, the investment will help us to continue to maintain very high service levels as we expand, which is critical to our continued success. Plans are well under way for further investment in the depot network over the remainder of the year."

Enquiries:

DX (Group) plc		T: 020 3178 6378 (c/o KTZ Communications)
Paul Ibbetson, Chief Executive Officer
David Mulligan, Chief Financial Officer
KTZ Communications		T: 020 3178 6378
Katie Tzouliadis/Robert Morton

About DX (Group) plc:

DX is a well-established provider of a wide range of delivery services to both business and residential addresses across the UK and Ireland. First 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 logistics services. Items that DX transports range from confidential documents and valuable packages to large, awkward-to-handle freight, unsuitable for automated conveyor.

The Group operates through two divisions, DX Freight and DX Express.

·      DX Freight comprises DX 1-Man, and Logistics/2-Man, with the Division being only one of a small number of operators that provides an overnight delivery service for irregular dimension and weight freight ("IDW").

·      DX Express comprises DX Parcels and DX Exchange and Mail, with the Division specialising in the express delivery, including pre-9am, of parcels and documents.

 

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