TNT Express has unveiled a two-year plan to target higher margin business, which includes palletised freight and larger, heavier parcels, and improve its profitability. TNT has been evaluating its business following the collapse of its proposed merger with UPS in January. One analyst believes that moving into pallets would be a challenge for the parcel carrier – which saw pre-tax profit in its UK business dip to £3.49m for the year ended 31 January 2011 (2010: £8m) – but will […]
TNT Express has won a two-year contract with aircraft engine manufacturer MTU Aero Engines which includes the delivery of parts to an engine manufacturer in the UK.
TNT Express has appointed Jeroen Seyger as interim chief financial officer (CFO) and interim member of the executive board. Seyger will take on the responsibilities of previous CFO Bernard Bot, who became interim chief executive following the departure of Marie-Christine Lombard last month. “Jeroen’s financial and business experience inside and outside the company, plus his involvement in recent strategic projects, gives me great confidence,” Bot said. Seyger joined the company in 2003 and has held a range of senior management […]
Profit at TNT UK almost quadrupled in 2012, during a year that put parent company TNT Express under pressure while the proposed takeover by parcel giant UPS was being considered.