Challenging market conditions in the UK and Europe combined with the loss of a major fashion contract saw pre-tax losses widen and turnover fall at TNT UK last year. Its annual results for the year to 31 December 2014 showed a 2.4% drop in turn-over to £725m last year (2013: £742m). Pre-tax losses increased almost threefold to £18.6m (2013: £6.4m). The directors’ report attributed declines to depot changes as well as major roadworks close to its sorting hubs, which it […]
UK-registered goods vehicles’ share of the international road freight market has fallen to a fresh low of just 13%, new figures from the DfT have shown.
City Link appointed administrators on Christmas Eve, temporarily suspending all operations over Christmas, citing continued “substantial losses over several years” and admitted it would be unable to accept new parcels due to the further losses it would incur.