TNT Express has expanded its express pallet delivery service from the UK to 10 more locations across the Americas and the Middle East. Global director, project management and development, Soren Hoegh, said businesses in the UK will now benefit from one-, two- or three-day delivery to more locations than before. The expansion takes its coverage to 80 countries worldwide and includes more cities in the United States and Canada, the Middle East and South America. The service covers same-day collection […]
TNT Express saw a 13% drop in EMEA operating profit in the third quarter, despite a 3,2% turnover rise, due to “challenging trading conditions in Europe”. The parcel firm, which last week received a statement of objections from the European Commission ahead of its acquisition by UPS, did not perform as well in its EMEA operations as it had during the same period in 2011, its Q3 trading results revealed. Reported operating profit margins fell from 6.4% in Q3 2011 […]
City Link appointed administrators on Christmas Eve, temporarily suspending all operations over Christmas, citing continued “substantial losses over several years” and admitted it would be unable to accept new parcels due to the further losses it would incur.