TNT Express turnover falls after loss of contract


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 […]