TNT reduced its pre-tax loss and saw its global revenue rise in its final full financial year ahead of its €4.4bn (£3.2bn) purchase by FedEx. In the year-ending 31 December 2015 TNT saw its overall revenue increase to €6.9bn (£5.1bn), from €6.7bn in the previous year, while its loss for the period reduced to €56m from €190m. TNT CEO Tex Gunning said that after years of decline, the business had returned to “sound and robust revenue growth” – as it […]
A property revaluation was responsible for scuppering the bottom line at Bradford-based Expect Distribution in the year to the end of November 2012. It was enough to turn the previous year’s profit before tax of £432,500 into a loss of more than £943,700, despite a 14% rise in turnover from £15.8m to £18.1m.
Throughout the year The Hub – Motortransport.co.uk’s business blog – has brought you the real stories behind the headlines. So, without further ceremony, here are some of the many highlights of the year.
Suttons Transport Group parent Thomas Cradley Holdings saw its UK turnover jump almost 10% in the year ended April 2012, from £75.4m to £82.9m. The figure includes a contribution of £63.5m (an increase of 14% year-on-year) from Sutton & Sons (St Helens), the UK road tanker, warehousing and drumming operation of Suttons Transport Group. Suttons & Sons (St Helens) profit before tax stood at £1.365m, up almost 25% on the previous 12 months’ £1.09m. Group MD Andrew Palmer said the […]