TNT Express has seen a drop in both turnover and operating profit, following the loss of a contract with a major fashion retailer in the UK. The operator’s Q3 2013 results revealed that adjusted operating profit for its Europe Main division (UK and Ireland, Benelux, France, Germany and Italy), fell by a quarter, compared to the same period in 2012, while turnover fell slightly. It attributed the drop to both the loss of a contract with an unnamed fashion retailer in […]
TNT Express has added two 15.65m longer semi-trailers to one of its trunking routes and plans to introduce more into its operation.
Hermes opened its 160,000ft² Warrington hub last week, which is capable of handing 550,000 parcels per day.
UK Mail remains confident about its long-term prospects, and has now got a handle on problems at its new sortation hub that are set to have a significant impact on its full year earnings.