TNT Express has announced the intended sale of its Dutch TNT Fashion Group operation to a consortium formed by Belgian fashion and lifestyle logistics firm Belspeed and Turkish logistics and transport conglomerate Netlog Group. The sale of 100% of the shares in TNT Fashion Group BV, which should be completed by the end of June subject to regulatory approval, reflects TNT Express’s “strategy to focus on core activities”, a company statement said. The change of ownership will not affect TNT […]
CM Downton’s deal to buy C&H (Hauliers) has created a haulage group with an annual turnover of more than £114m, and set it on the path to becoming a true 3PL.
TNT UK remained loss making in its most recent trading period once the one-off gain from the sale of its Business Solutions division is stripped out, its latest accounts show.