- 4 February 2020
- Transport / Logistics Services
UK based logistics and last mile delivery company DX Group has reported encouraging trading in the first half of the current financial year in a trading update.
New business wins and improved customer services have led to what the company claims are significantly improved figures over those of the same period in 2018.
DX Freight has made significant strides since the company began a dedicated turnaround programme in March 2018. The company had been in acute trouble and there were battles as to its future direction, that included a failed sell-off to Menzies Distribution.
The turnaround has included the opening of a new depot in Ipswich earlier this year, and automation systems being installed in DX Group’s central hub in Willenhall. New depots are to be opened in the near future to improve capacity and productivity in the division.
DX Express has trialled new handheld devices and this has been a success. These are to be rolled out across the company before the end of April.
DX Group has stated that it expects further progress in H2 of the financial year, that has always been its stronger trading period. The board believes it is due to meet its financial forecasts.
Lloyd Dunn, CEO, said: “DX has continued to make good progress over the last six months, focussing on improving our service levels and operational capabilities, and I’m pleased that the hard work is being reflected in our performance. We are on track to meet market forecasts for the year and continue improving the business.”