TNT Express said it does not expect to see the full benefit of its profit improvement strategy until 2018-19, as it admits it did not acheive the turnover and profitability it expected in 2014. It anticipates that adverse trading conditions in Western Europe will continue and believes that 2015 will be “a year of transition”, the operator said in its 2014 annual results statement this week. The express parcel carrier began implementing its ‘Outlook’ strategy, which it hopes will improve […]
TNT has added 20 new Iveco Stralis tractor units to its fleet, following a six month trial with a demonstrator vehicle, covering 80,000km.
The European Commission (EC) said the aborted UPS and TNT merger would have increased prices and would not have been challenged enough by other carriers. The regulator officially blocked the merger from taking place on 30 January, claiming it would have restricted competition for express delivery between European countries in 15 nations. It also said that the acquisition would have reduced the number of “significant players” to two in some countries, which it claimed would have “likely harmed customers by […]
UPS has pulled out of its multi-billion Euro bid to take over TNT Express, almost a year after it first entered into talks with the parcel firm. It hoped the merger would create a €45bn (£37.4bn) logistics giant, increasing the US firm’s presence in the European market. However on Friday (11 January), the European Commission (EC) told both parties that it planned to prohibit the merger. MT.co.uk looks at how the story developed over the year. The merger process began […]