TNT Express reveals profit improvement plan


TNT Express has revealed a profit improvement plan between now and 2015 to “create a more focused, efficient and profitable TNT Express”. The programme, called ‘Deliver!’, is expected to cost €150m (£ 128m))and aims to increase growth in its most profitable areas, reduce costs by €220m by 2015 and invest around €200m in infrastructure and IT. It also plans to sell its domestic divisions in China and Brazil. As a result, it hopes to see EMEA adjusted operating profit of […]