TNT Express saw a 13% drop in EMEA operating profit in the third quarter, despite a 3,2% turnover rise, due to “challenging trading conditions in Europe”. The parcel firm, which last week received a statement of objections from the European Commission ahead of its acquisition by UPS, did not perform as well in its EMEA operations as it had during the same period in 2011, its Q3 trading results revealed. Reported operating profit margins fell from 6.4% in Q3 2011 […]
Parcel locker firm InPost UK launched yesterday (22 April), with the roll out of 100 lockers nationwide and a further 100 waiting for installation.
Parcel delivery network APC Overnight made a £4.42m pre-tax profit last year, a 30.4% increase on the previous year’s figures. Turnover for the year ended 31 March 2012 rose 13.5% to £65.7m (2010/11: £57.9m) as a result of increased customer demand. Chief executive Syed Ziaullah said: “These results really are a reflection of the huge surge in customer demand seen right across the business during the last financial year. “We pride ourselves on delivering the best service in the business […]
Palletways and TNT Express have won two separate European distribution contracts with Yankee Candle.