Profit at TNT UK almost quadrupled in 2012, during a year that put parent company TNT Express under pressure while the proposed takeover by parcel giant UPS was being considered. Pre-tax profit soared to £13.8m for the year ended 31 December 2012, after a year that saw it slip to £3.4m in 2011. It said the rise was due to “cost saving initiatives and operational changes”, as well as restraining its spending. Turnover, however, remained broadly flat at £782m, down […]
Netherlands-based post and parcel firm PostNL – parent company to TNT Post -has sold part of its stake in TNT Express.
DPDgroup has increased its majority shareholding in e-commerce delivery company WnDirect to 83%, effectively taking full control of the business.
TNT Express has won a contract to become the exclusive express delivery provider for musical instrument and audio equipment manufacturer and Gibson.