TNT UK’s pre-tax loss ballooned to £22.1m last year ahead of its acquisition by FedEx Corporation in May 2016. New accounts published at Companies House show the business’s year-on-year loss increased 32.3% compared with a loss of £16.7m a year earlier. Turnover in the year ended 31 December 2015 fell 1% to £718m (2014: £725m). The carrier’s operating margin was minus 2.9% compared with minus 2.3% a year earlier. In its accounts, TNT UK said it had seen a decline […]
Welch’s Transport saw profit fall in a year with an “uncomfortably high” turnover in operational staff, according to the firm’s latest annual results.
Simon Gibson Transport enjoyed what it described as an “excellent trading year” in 2015, shortly before it was sold to GCA Europe SA.