Life after UPS for TNT Express

TNT Truck

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 […]