TNT Express and Royal Mail’s international delivery arm GLS are among 20 parcel companies that have been fined by the French competition authority for price fixing between 2004 and 2010. An investigation by French competition body L’Autorité de la concurrence (FCA) found that the companies traded pricing information and agreed on annual rate increases in the French parcel delivery sector during meetings held by trade association TLF. The allegations came to the authority’s attention in 2008. The body has today […]
Scania is to appeal today’s €881m (£771m) fine from the European Commission (EC) over price-fixing, after refuting the findings.
TNT UK’s pre-tax loss ballooned to £22.1m last year ahead of its acquisition by FedEx Corporation in May 2016.
Royal Mail offset declining letter volume with its growing parcels operation in a year that saw it surpass the £10bn turnover mark for the first time, but saw pre-tax profit fall by more than a third (37%).