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[lefrene] 03/4/2024 12:16

I didn't see that documentary, but have many times in the past driven artics in and out of RM depots. Like many industrial processes there are surges and lulls in activity. There could well be people stood about for a time whilst they await the arrival of a fresh truck, and then the labour is needed to move up to 110 'Yorks' (trolleys) that weigh up to 250kg off the trucks and into either sorting for local delivery, or for onward trunking.

They do use a lot of agency staff, so there's room to reduce the number of agency staff.

If they are able to do 2nd class every other day, then there could be the potential to save 50% of vans and delivery staff. Things never work out that smoothly, but there's plainly room for huge savings on the 'last mile' which is the most expensive part of the process by far.

[31337 c0d3r] 03/4/2024 12:14

I note they state "letters" without a capital, therefore I assume this also applies to the 2nd Class Large Letter format.

If so then a lot more business will switch their Large Letters to Evri.

Quite significant as I imagine Royal Mail send more Large Letters than Parcels (of any size).

[careful] 03/4/2024 12:00

RMG are not be able to get rid of staff even if they have nothing to do.

Watched that documentary on TV a few weeks ago highlighting the parcel/letters problem.

They showed a modern sorting off.
There was a long line of workers spaced about 5 yards apart, wheeling baskets similar to a large supermarket trolley filled with parcels.
Some were just standing around watching.

Most of these workers had little to do, and should be made redundant.
Investing millions in modern machines and allowing sorting office workers to stand around watching the machine work is business madness.

With a 12 billion turnover, in the longer term after this business is sorted out and natural wastage or early retirement has worked through we should have good prospects.

But for as long as those suicidal agreements signed with the CWU at the time of privatisation are applied the hands of the management will be tied.

[lefrene] 03/4/2024 11:39

2nd class every other day means they can get rid of huge numbers of vans and drivers.

A massive saving to the company.

First class in my experience is a very small segment, it could likely be done by a bloke on a small motorbike.

[isis] 03/4/2024 10:59

Not very radical really but if they say it will give the cost savings they need then so be it.
The only thing I look out for is my Weekly Copy of the Radio Times, unless it's a package or Parcel. People hardly send Cards now and haven't had a Post Card for years!

[cwa1] 03/4/2024 10:36

Intnl.Distrbtn.Svcs. - Proposal for the Future Universal Service

[chachacha] 03/4/2024 00:21

Company is useless, management hopeless, and the shares probably worthless.

[isis] 26/3/2024 14:26

I think the Government should P.O themselves.

[casholaa] 26/3/2024 14:16

I think that the Government wants to divest itself of the P.O.

[lefrene] 26/3/2024 11:17

Royal Mail, seem oblivious as to how the Post Office was a mainstay to their business.
Try changing the old stamps to the new bar coded ones. No you can't just exchange them in a Post Office, one has to go on the web and print off a form, fill it out and post it off! HELLO how hard would it have been to arrange with the Post Office to exchange old for new! After all the Post Office sells new stamps.

Also surprised to see my local Post Office advertising three different parcel carriers with Evri being the most prominent. Both organisations as dysfunctional in the real world, as your average government department. It's only their monopoly that keeps them afloat, as they have zero business/customer skills.

[casholaa] 25/3/2024 16:09

I've used lockers before. Very convenient.

[casholaa] 21/3/2024 13:45

I've pencilled-in results on 26 March but the ids website states 23 May??? What's on the 26th Mar???

[encarter] 14/3/2024 09:02

https://www.proactiveinvestors.co.uk/companies/news/1042981/royal-mail-owner-investment-case-finely-balanced-suggests-ubs-1042981.html

[gargoyle2] 13/3/2024 17:18

Given that the year end isn't until 31 March, you shouldn't expect the full year results any time soon. They were on 18 May last year.

[1224saj] 13/3/2024 14:40

Trading update 18/01/24, what date are saying full year results?

[casholaa] 13/3/2024 09:49

Outclassed again:
hxxps://www.yodel.co.uk/news/2024/february-2024/we-re-pleased-to-announce-that-we-have-been-acquired-by-ydlgp-limited

[tuftymatt] 12/3/2024 18:21

This has got really ugly again in the past 6 weeks or so.

I just hope the results don't throw up anything too out of the ordinary!!

Good luck all 👍🏻

[justiceforthemany] 12/3/2024 17:05

No shorts listed...

[casholaa] 03/3/2024 11:06

I'd get the card from card factory and use an ad hoc pidgeon.

[31337 c0d3r] 03/3/2024 10:02

If you're paying £2.50 per card you need to discover shopping at Card Factory.

Anyway, when booked online, sending a standard birthday card is just £1.25 1st Class, or post it a couple of days earlier and it's only £0.75 2nd Class, with free collection (until the next round of price rises in April of course).

[adrian55] 02/3/2024 20:18

what's the better value £1.35 to send it from st john o'groats to landsend or £2.50 for the birthday card itself ?

[tuftymatt] 27/2/2024 09:38

Yeah it was as expected I thought.

Moaning about late post, rightly so though, and the business defending itself at peak season etc.

It's obvious though that without change to the USO the problems won't go away and a £5m fine is in fact a big plus for the company.

The data Panorama stated is 3.6b parcels in the UK per year for £12.8b. That's an average of £3.56 so you will always get them delivered asap because they are bigger than letters so take up loads of space and a letter ( 1st class ) only brings in £1.25.

Good luck all 👍🏻