United Carriers Grp. - AGM Statement
28 April 1999 - 12:30PM
UK Regulatory
RNS No 3527e
UNITED CARRIERS GROUP PLC
28 April 1999
UNITED CARRIERS GROUP PLC
ANNUAL GENERAL MEETING
The structural changes outlined in our March statement have been successfully
implemented. These changes included the introduction of specially designed
cages, which have reduced handling time and improved the accuracy of routing,
along with the move to a full hub and spoke operation for all of our products.
These changes will reduce our cost base further whilst the associated
redundancy programme has now been completed.
Discussions regarding possible mergers continue. The Board accepts that there
is a need for rationalisation within our industry and we believe that these
talks may begin this process. However, in the past four weeks we have seen a
decline in our volumes. It is too early to say whether this is a trend or a
temporary situation. This is being evaluated and an update on both these
items will be made shortly.
Enquiries: Doug Rogers, Chairman 0836 512724
Russell Hodgson, Managing Director 0411 492884
END
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