TNT Express has admitted that it is unlikely to hit its profit improvement target for 2015, following an increase in competitive pressures and poor trading conditions in Europe. In a trading update today, the express parcel carrier admitted that it is likely to take three to five years for its Outlook performance improvement strategy to show its full benefit. The Outlook strategy, which aims to improve group turnover and profit, was put into place earlier this year and incorporates its […]
TNT Express said it does not expect to see the full benefit of its profit improvement strategy until 2018-19, as it admits it did not acheive the turnover and profitability it expected in 2014.
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 is offering UK-based retailers the ability to have their parcels delivered into its overseas ParcelShops for the first time.