Major management restructuring in the face of declining revenues at the UK International division of TNT Express has also seen ‘a handful’ of top executives made redundant, Motortransport.co.uk has learnt. The news comes as the Dutch-owned delivery company, which is set to be acquired by larger US rival FedEx for around £3bn, reported its global results for Q2 2015. It revealed underlying revenue growth of 4.1% and a narrower net loss compared to the same time last year. The company […]
Suttons Transport Group parent Thomas Cradley Holdings saw its UK turnover jump almost 10% in the year ended April 2012, from £75.4m to £82.9m. The figure includes a contribution of £63.5m (an increase of 14% year-on-year) from Sutton & Sons (St Helens), the UK road tanker, warehousing and drumming operation of Suttons Transport Group. Suttons & Sons (St Helens) profit before tax stood at £1.365m, up almost 25% on the previous 12 months’ £1.09m. Group MD Andrew Palmer said the […]
The Lincolnshire Co-op society is to close two DCs, putting 111 jobs at risk.
The European Commission (EC) believes “substantial remedies are needed” before the proposed takeover of TNT Express by UPS can be cleared. In a merger review speech made on Friday (2 November), Joaquín Almunia, EC vice-president responsible for competition, said that “serious competition concerns would arise” if it went ahead without revisions. Last month the EC revealed that approval would only come if the resulting company would be challenged enough by other parcel firms. TNT Express and UPS have since received […]