Loss of fashion contract still dragging TNT Express turnover down

It looks like TNT Express could still be feeling the effects of the loss of a major UK fashion contract last year as it posts yet another drop in its quarterly turnover. Despite embarking on a performance improvement strategy earlier this year, the express parcel carrier saw quarterly turnover in its European business slip again.  Adjusted turnover fell to €790m (£648m) for the first quarter of this year, down 3.1% on the same period in 2013, which it claimed was […]