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 […]
UPS and TNT Express do not now expect their multi-billion euro merger, announced in March, to be completed until early 2013. The operators had originally hoped to seal a deal in the first half of the year, but involvement from the European Commission as regulator scuppered this timetable. Last month the European Commission temporarily suspended the takeover to allow regulators more time to gather information, a process that is ongoing. Despite this UPS and TNT had still expected to complete […]
eBay partners with Orange Connex, Hermes and Royal Mail to launch end-to-end fulfilment for UK sellers
eBay UK is laying down the gauntlet to Amazon, launching its first end-to-end fulfilment service for UK sellers.