TNT Express has unveiled a two-year plan to target higher margin business, which includes palletised freight and larger, heavier parcels, and improve its profitability. TNT has been evaluating its business following the collapse of its proposed merger with UPS in January. One analyst believes that moving into pallets would be a challenge for the parcel carrier – which saw pre-tax profit in its UK business dip to £3.49m for the year ended 31 January 2011 (2010: £8m) – but will […]
Hermes Parcelnet pays its suppliers more quickly than any other company in the Motor Transport Top 100 top 10, an MT analysis has found.
UPS predicts that tomorrow (20 December) will be its busiest day of the year with an estimated 28 million packages delivered worldwide. The parcels giant expects to deliver over 12 million more packages on its busiest day than its daily worldwide average of 15.8 million parcels. It anticipates delivering 527 million parcels globally in the four weeks running up to Christmas, a 9.7% increase on 2011’s 480 million. The carrier also expects a surge in return volumes on 3 January, […]
The COVID-19 pandemic is a “huge wake-up call” for the transport and logistics sector and will provide the catalyst for automation, putting many jobs at risk.