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 […]
Hermes is investing £25m in a new Warrington hub, almost tripling capacity in the area to support volume growth.
Regulatory approval for the multi-billion euro UPS and TNT Express merger is dependent on whether the new company would be challenged enough by its competitors, the European Commission has said. If the deal is approved, the number of major parcel delivery companies in Europe will be reduced from four to three, which the regulator is concerned will reduce the amount of competitive service customers will have access to. Joaquín Almunia, vice president of the European Commission, responsible for competition policy, […]
Royal Mail is considering applying a fuel surcharge to some of its contract parcels and mail services, while rival carrier UK Mail has reduced parcel prices for SMEs.