TNT Express saw a 13% drop in EMEA operating profit in the third quarter, despite a 3,2% turnover rise, due to “challenging trading conditions in Europe”. The parcel firm, which last week received a statement of objections from the European Commission ahead of its acquisition by UPS, did not perform as well in its EMEA operations as it had during the same period in 2011, its Q3 trading results revealed. Reported operating profit margins fell from 6.4% in Q3 2011 […]
Equity firm ACC Capital has bought a majority stake in Lubbers Transport Group as part of a management buy-out at the firm.
February 6, 2020 Chris Tindall
Boughey Distribution bounced back into the black last year, converting a £754,000 pre-tax loss into a profit of £310,000.