TNT Express is to spend €185m (£145m) improving its European road network during the next four years as part of its strategy to move more by road. The parcel carrier, which last month warned that it is not likely to hit its 2015 profit target, plans to refresh its trailer fleet, and has already put 100 new trailers into operation as part of this, a spokesman confirmed. The investment also includes an upgrade of its scanning and sorting equipment at […]
Fagan & Whalley has blamed the UK driver shortage for a near two-thirds fall in pre-tax profit.
TNT Express has said it hopes to see a “positive impact” from its profit improvement plan in the second half of 2013, after reporting a 26% drop in first quarter EMEA (Europe, Middle East and Africa) operating profit.