TNT UK has posted a drop in pre-tax profits in its latest accounts despite a slight growth in turnover. Now part of FedEx Corporation, the logistics operator reported pre-tax profit was down 6.8% to around £32m in the period ending 31 May 2019 (2018: £34.4m) Turnover was up 0.9% to £670.2m from £664m the previous […]
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This year has seen many companies in the parcels sector thrive as carriers move record volumes and consumers continue to do more of their shopping online. But while this has encouraged some parcel carriers to invest heavily in their networks and offer more services to their customers, 2013 has also bought with it more challenges […]
Major management restructuring in the face of declining revenues at the UK International division of TNT Express has also seen ‘a handful’ of top executives made redundant, Motortransport.co.uk has learnt.
TNT said it is more certain about its future after the collapse of its multi-billion euro acquisition by UPS last week, despite analysts warning that the industry giant needs to “work out what is going on”. UPS pulled the plug on the €5.16bn (£4.31bn) deal after it became clear that the European Commission (EC) would […]