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 […]
Through shrewd acquisitions, Culina Group chief executive Thomas van Mourik has built a logistics business boasting a turnover of over £1bn. But as far as he’s concerned, it’s all just an enjoyable hobby.
Administrators handling the affairs of failed container specialist JWT Commercial said it chose not to furlough the 80 staff because it ran the risk of abusing the coronavirus payment scheme.
Royal Mail has warned for a second time that competition from other carriers, this time Amazon’s own delivery network, will damage its growth prospects.