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 […]
New rules to ensure the build-up by 2020 of more refuelling points for vehicles using alternative fuels have been formally adopted by the European Council. I comes after their final approval in the European Parliament in April.
The consumer delivery subsidiary of Hermes, myHermes, has launched a new international parcel delivery service which aims to support SMEs.
Fruehauf’s collapse can be attributed to a toxic mixture of Brexit, Covid-19 and a global shortage of materials, according to its administrator.