As part of its overall investment program, DX has begun investing £3.6m (US$4.35m) into upgrading its existing depot network.
The investment is expected to be completed by early July 2023, supporting the group’s growth plans. This is in addition to the substantial investment underway in new depot openings. According to the company, the depot developments have led to increased capacity, improved productivity and raised efficiency levels. In the DX Freight division, upgrades are underway or have been completed at depots in Exeter, Middlesbrough, Northampton, Plymouth and Thatcham in the UK. DX has installed new raised docks, expanded loading areas and made energy efficiency improvements. In the DX Express division, which handles documents and parcels, significant upgrades have been made at Gatwick and at the national hub in Nuneaton. These include additional mechanization as well as environmental initiatives.
In 2022, DX opened eight new depots. In July 2023, the group expects to have opened a further eight new sites. DX is in the second year of a major three-year investment program, which is anticipated to invest £20m-£25m (US$24m-US$30m) across the group. This investment encompasses expanding the depot network, vehicles, parcel-handling equipment and IT.
Mark Hammond, executive chairman of DX (Group), commented, “We have ambitious growth plans and the significant investment we are making in our depot network – both in new and existing sites – will underpin continued growth and improvements to customer service and operational efficiencies.
“Our depot upgrade program is well underway across both our divisions, DX Freight and DX Express, and we are on course to complete around £3.6m [US$4.35m] of investment in existing depots by early July 2023, with additional substantial investment going into new depot openings at the same time.”