TNT Express has said it hopes to see a “positive impact” from its profit improvement plan in the second half of 2013, after reporting a 26% drop in first quarter EMEA (Europe, Middle East and Africa) operating profit. Financial results for the three months ended 31 March reveal that EMEA operating profit shrunk to €51m (£43m), down from €69m (£58m) in Q1 2012, following the termination of its acquisition by UPS earlier this year. Turnover also dropped to €1.12bn, down […]
Global Freight Solutions (GFS) processed more than 10 million parcels last year as the popularity of online shopping continued to grow.
Highlands haulier Ferguson Transport (Spean Bridge) has bought Skye Transport (Crossal) for an undisclosed sum.
Wincanton will be back in the black this financial year as the group’s extensive restructuring and disposals programme bears fruit. Wincanton chief executive Eric Born tells MT: “When [we] started this programme we said it would take two years to arrest the decline. We are bang on track. It’s absolutely what I’m expecting.” A year of restructuring and disposals saw it sell its European operations to focus on the UK and Ireland, dispose of its 20% shareholding in Culina Logistics […]