DX () : expansion of delivery network with two new Freight depots

DX (Group) plc expansion of delivery network with two new Freight depots

DX, a leading provider of delivery solutions including parcel freight, secure courier and logistics services, is pleased to announce that it has opened two new depots, in the West Midlands and the South West of England, as it continues to expand its delivery network.

Both depots will serve the Group's DX Freight division, which specialises in the delivery of irregular dimension and weight ("IDW") items.

The new depot in the South West is located on Bodmin Business Park, and will service distribution across Cornwall. The new West Midlands depot is located on Severn Stars Industrial Estate in Coventry. DX's freight operations at Nuneaton, where the Group's Express division also operates, have transferred to the Coventry depot. The new depots increase the Group's delivery capacity, enhance customer service levels and free up resources at other depots.

The depots opening are part of DX's ongoing investment in its delivery network. Having recently successfully completed a two-year capital investment programme worth £10 million, which saw significant investment in both new and existing sites, a larger programme of investment worth £20 million - £25 million over the next three years has recently been launched. Over 12 additional depots are planned to be added over the next two years, substantially increasing the Group's delivery capacity and proximity to customers. Alongside this, further investment in parcel-handling equipment and IT infrastructure is under way.

Lloyd Dunn, CEO of DX (Group) plc, commented: "We have found two excellent sites in Bodmin and Coventry. Not only do they add further capacity but they will help to enhance customer service levels. Investment in the depot network will continue to be a major focus this year, as we continue to drive the business forward, supported by our £20 million - £25 million capital investment programme."