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 […]
A property revaluation was responsible for scuppering the bottom line at Bradford-based Expect Distribution in the year to the end of November 2012. It was enough to turn the previous year’s profit before tax of £432,500 into a loss of more than £943,700, despite a 14% rise in turnover from £15.8m to £18.1m.
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 […]
TNT Express saw a 13% drop in EMEA operating profit in the third quarter, despite a 3,2% turnover rise, due to “challenging trading conditions in Europe”. The parcel firm, which last week received a statement of objections from the European Commission ahead of its acquisition by UPS, did not perform as well in its EMEA operations as it had during the same period in 2011, its Q3 trading results revealed. Reported operating profit margins fell from 6.4% in Q3 2011 […]