Less Ads, More Data, More Tools Register for FREE

Pin to quick picksDX..L Share News (DX.)

  • There is currently no data for DX.

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

DX Group launches electric vehicle project worth GBP750,000 with Ikea

Wed, 05th Oct 2022 17:07

(Alliance News) - DX Group PLC on Wednesday said it has launched a project to acquire a fleet of electric vehicles for use in its delivery and logistics partnership with Ikea.

DX is a Slough, England-based parcel freight, secure courier and logistics provider.

The company recently invested GBP750,000, with further investment over the next three-years, to establish an initial fleet of over 60 electric vehicles for Ikea's home-delivery service.

The first phase was launched in August 2022, and comprises twelve electric vans operating from company depots in Southampton and Warrington, England.

The vehicles have an operational carrying capacity of 1,162 kilograms, and a single-charge range of over 219 miles, with zero output emissions.

The vehicles are dual-liveried, with DX and IKEA branding. DX is IKEA's largest provider of two-person home delivery services in the UK.

John Welsh, the fulfilment sourcing manager for Ikea UK & Ireland, said: "Ikea's goal of reaching 100% Zero Emission last mile deliveries by 2025 will be achieved through working together with those who share our vision, and I am delighted that DX have already been fundamental in delivering some of the first milestones in our journey."

DX shares were flat at 30.00 pence each in London on Wednesday afternoon.

By Holly Beveridge; hollybeveridge@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
14 Jul 2020 16:50

UK TRADING UPDATE SUMMARY: Sales Rise For EKF Covid-19 Sample Product

UK TRADING UPDATE SUMMARY: Sales Rise For EKF Covid-19 Sample Product

Read more
14 Jul 2020 11:11

DX Group maintains expectations as volumes pick up

(Sharecast News) - Freight and delivery provider DX Group reported an improving recovery in both its divisions on Tuesday, with volumes picking up since the strictest Covid-19 regulations began to be lifted in England.

Read more
9 Jul 2020 17:22

DX Group Joins Consortium To Deliver Covid-19 Home-Testing Kits

DX Group Joins Consortium To Deliver Covid-19 Home-Testing Kits

Read more
9 Jul 2020 13:48

DX joins Covid-19 testing logistics consortium

(Sharecast News) - Logistics provider DX announced on Thursday that its DX Express division has joined a consortium of UK parcel delivery providers, to manage the nationwide collection and delivery of Covid-19 home-testing kits.

Read more
1 Jul 2020 15:51

Liberum hikes target price on DX

(Sharecast News) - Analysts at Liberum hiked their target price on British logistics outfit DX from 14.0p to 30.0p on Wednesday, stating the group had executed "a remarkable turnaround".

Read more
1 Jul 2020 13:25

Wednesday broker round-up

(Sharecast News) - Unite Group: Berenberg downgrades to hold with a target price of 1,000.0p.

Read more
30 Jun 2020 17:07

UK DIRECTOR DEALINGS SUMMARY: TalkTalk Telecom Chair Pays GBP860,000

UK DIRECTOR DEALINGS SUMMARY: TalkTalk Telecom Chair Pays GBP860,000

Read more
29 Jun 2020 15:57

UK DIRECTOR DEALINGS SUMMARY: ThinkSmart Non-Exec Spends GBP480,000

UK DIRECTOR DEALINGS SUMMARY: ThinkSmart Non-Exec Spends GBP480,000

Read more
15 Jun 2020 17:49

DIRECTOR DEALINGS: DX Group Director Goodson Buys Shares

DIRECTOR DEALINGS: DX Group Director Goodson Buys Shares

Read more
8 Jun 2020 14:41

UK TRADING UPDATE SUMMARY: BlueRock Nets USD700,000 From Diamond Sales

UK TRADING UPDATE SUMMARY: BlueRock Nets USD700,000 From Diamond Sales

Read more
5 Jun 2020 14:10

UK DIRECTOR DEALINGS SUMMARY: Avast Non-Exec Sells 500,000 Shares

UK DIRECTOR DEALINGS SUMMARY: Avast Non-Exec Sells 500,000 Shares

Read more
29 May 2020 17:18

UK DIRECTOR DEALINGS SUMMARY: Moya Greene Buys GBP50,000 In easyJet

UK DIRECTOR DEALINGS SUMMARY: Moya Greene Buys GBP50,000 In easyJet

Read more
28 May 2020 14:49

UK TRADING UPDATE SUMMARY: PureTech, N4, Synairgen Advance Covid Work

UK TRADING UPDATE SUMMARY: PureTech, N4, Synairgen Advance Covid Work

Read more
28 May 2020 10:42

DX Group maintains operations at all sites despite Covid-19 lockdown

(Sharecast News) - Logistics firm DX Group has continued to maintain operations at all its depots and service centres since Downing Street's Covid-19 lockdown measures came into effect.

Read more
17 Apr 2020 18:34

DIRECTOR DEALINGS: DX Group Non-Executive Russell Black Buys Shares

DIRECTOR DEALINGS: DX Group Non-Executive Russell Black Buys Shares

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.