TNT Express has admitted that it is unlikely to hit its profit improvement target for 2015, following an increase in competitive pressures and poor trading conditions in Europe. In a trading update today, the express parcel carrier admitted that it is likely to take three to five years for its Outlook performance improvement strategy to show its full benefit. The Outlook strategy, which aims to improve group turnover and profit, was put into place earlier this year and incorporates its […]
DPD Group is rebranding its B2B-focused Interlink Express to improve brand consistency within the UK.
Controlled temperature specialist Langdons saw a 13.7% increase in turnover as it felt the benefit of a £9m investment it its Redditch depot. For the year ending 31 December 2011 turnover at Langdons Industries was £67.5m (2010: £59.4m), while pre-tax profit rose to £2.7m from £2.1m in the previous 12 month period. Arran Osman, MD at Langdons, says that return on sales has “settled back to expected levels based on performance in 2009” as “profit in 2010 had been significantly […]
Two post and parcel carriers at the centre of a recent investigation by Channel 4 programme Dispatches have said they do not believe its findings to be representative of service levels across their operations.