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 […]
Parcel and carrier manager Global Freight Solutions (GFS) has opened a northern consolidation depot in Warrington, a new head office and moved into its first overseas office in Athens.
A reliance on agency staff and hire vehicles at CS Ellis to meet an increase in work dented the operator’s annual profit, newly published accounts show.
A “trail blazing” scheme for hauliers that pays £75 for each container moved by rail has expanded to offer a coastal and short sea shipping solution as well.