New Depot Opening in Norwich

DX (Group) PLC

21 August 2023

 

AIM: DX.

DX (Group) plc

("DX" or "the Group")

New depot opening in Norwich

DX, a leading provider of delivery solutions, including parcel freight, secure courier, 2-Man and logistics services, is pleased to announce the opening of a new depot in Norwich. The opening significantly increases the Group's capacity in the region and continues DX's programme to expand and develop its depot network. It follows the opening of the first of 15 former Tuffnells Express Limited ("Tuffnells") depots, secured in late June from Tuffnells' Administrator, and is in addition to these depots.

The new site is located in Caley Close, north-west of the Norwich city centre and comprises a 23,913 sq ft facility. It is the latest addition to the Group's Parcels network, part of the DX Express division, which provides highly secure, tracked deliveries to both business and consumer addresses. The new depot also improves operational efficiencies, reduces stem mileage and carbon emissions, and enhances customer service levels, a key focus for the Group.

In addition, the new site has enabled the existing depot in east Norwich, on the Broadlands Business Park, to become a dedicated depot for the DX Freight division, which specialises in the delivery of irregular dimension and weight items and provides 2-Man and logistics services. A raised dock will be installed to support the freight operations from this site and to improve efficiency.

The reopening of the balance of former Tuffnells sites is under way, and additional priority site openings are targeted, alongside the planned freehold development of a regional hub in Nottingham.

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

"The current financial year is a major year of investment. This latest depot opening in Norwich significantly increases our capability in the area for both our Parcels and Freight operations. It also delivers further efficiencies, environmental and customer service benefits.  

"Enlarging and improving the depot network underpins the continued successful delivery of our growth plans over the short to medium term, and we look forward to reporting on further openings over the coming months."

Enquiries:

DX (Group) plc		T: 020 3178 6378 (c/o KTZ
Paul Ibbetson, Chief Executive Officer		Communications)
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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