TNT Express has unveiled a strategy to improve its performance and financial results as both group turnover and operating profit continue to decline. The strategy, called ‘Outlook’, was revealed in its results for the final quarter of 2013 today and will integrate its Deliver profit improvement plan, which was launched last year. TNT hopes to move more by road by expanding its European road network. It aims to do this by targeting customers in the automotive, industrial, healthcare, and technology […]
Morrisons has confirmed plans to restructure operations at its RDC in Wakefield, West Yorkshire, in order to improve efficiency.
UPS has appealed against the European Commission’s (EC) decision to prohibit its acquisition of TNT Express, on the basis the decision was “factually and legally erroneous”.
UPS has pulled out of its €5.16bn offer for TNT Express – in a deal that would have created a business with a combined annual turnover of £1.3bn in the UK – blaming European Commission (EC) concerns with the acquisition. The proposed merger is expected to be prohibited by the EC, the parcel giants warned in joint statements this morning (14 January). TNT said UPS sees “no realistic prospect” that it will receive EC clearance and will formally terminate the […]