Investing in the future as the records fall

Target Express is investing substantially in its depot network on the back of increasing turnover and profitability.
The company has yet to report on its financial year ending 30th April, but claims to achieving regular consignment volume records. On 12th April it handled 65,623 consignments and in the week beginning Monday 24th April, it notched up 282,311 consignments (559,513 items).
“We have made significant strides in improving and developing our services,” said CEO Peter Cvetkovic. In the past year we have introduced the cutting edge IT systemVirtual Warehouse throughout our network, we have upgraded depot capacity across the country and we have successfully launched an entirely new domestic service offering in Target Post.”
In June, Target will launch a new 4,000sq metre “Super depot” in Birmingham’s Star City, trebling its capacity in the city. As well as allowing a higher throughput of express parcels, the facility will also provide space for pick-and-pack and warehousing services. Target is also investing in its depot at West Bromwich. The team from there will temporarily relocate to the Birmingham depot to ensure no disruption to customer service levels in the region.
New depots in Maidstone and Newcastle are planned over the next year, along with two new depots and a hub in Ireland.
“Our Irish operation continues to grow in parallel with the UK,” Cvetkovic added. “Our internal service offering is also expanding 10% year-on-year through our partnership with NetExpress Europe and other worldwide partners.”