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 […]
TNT Express has spent £12m on 300 Euro-5 mid-range trucks as part of its fleet renewal programme.
Hermes has invested in 100 new vehicles as part of a fleet replacement programme, which will also assist it with additional parcel volumes. The parcels firm has made a multi-million pound investment in 86 vans, a mix of 7.5-tonne, 12-tonne and 18-tonne vehicles, which will be used for radial depot work. It has also added 14 tractor units to its trunking operation, collecting from customers and distributing to its hub and depot network. All the new vehicles have automatic gearboxes […]
Ceva Logistics, which recently saw its long-running relationship with Crown Paints extended, has seen group profit fall after its contract logistics businesses was affected by Europe’s economic malaise. While revenue in the first half of the year was up 5.5% at €3.5bn (2011: €3.4bn), EBITDA slipped 10.5% to €136m (2011: €152) as a consequence, despite growth in the group’s ocean freight business. John Pattullo, chief executive of Ceva, says: “Transpacific volume and weakness in Southern Europe remain a concern. As […]