DX “very healthy” with no “adverse reactions” to lockdowns

Parcel freight provider DX has said that it has not yet experienced any “adverse reactions” when it came to trading during the second national lockdown, and said that trading had been encouraging.

In a statement the group told investors: “Net new business across both divisions [DX Freight and DX Express] to date is encouraging and the new business pipeline remains very healthy.

“While it is still relatively early in the financial year, with volumes better than expected and margins improving in DX Freight, we now anticipate that DX is on track to perform materially better than current market expectations.”

DX recently opened three new depots in Burnley, Westbury and Oxford and is spending £10 million on operational parcel handling equipment and IT systems upgrades.

It said: “Two service centre openings and a further depot opening, as well as two major depot upgrades, are planned for the remainder of this financial year, which will further enhance our networks and improve our efficiency.”