TNT said 2015 will continue to be a year of transition for the company after reporting third quarter turnover of €1.6bn (£1.2bn), up 2.3% year-on-year, and a €27m operating loss, compared with an operating loss of €51m for the third quarter of 2014. Tex Gunning, TNT’s chief executive, said the company would start to see improved performance next year as it continues to drive through changes to the business under its Outlook strategy. He added: “Time is needed for these […]
UPS has received a statement of objections from the European Commission as part of a competition review of its acquisition of TNT Express. According to UPS the statement of objections addresses the competitive effects of the intended deal on the international express small package market in Europe. It added that UPS and TNT Express would respond to the EC within “a couple of weeks”, but would not elaborate on the nature of the statement of objections as its contents were […]
Ofcom has announced a “fundamental review” into the regulation of Royal Mail, after the withdrawal of Whistl’s final mile delivery service left it without a major competitor in the postal market.
Unite has criticised Royal Mail for refusing to up a proposed pay increase, despite reporting a £608m profit in its latest results.