TNT reduced its pre-tax loss and saw its global revenue rise in its final full financial year ahead of its €4.4bn (£3.2bn) purchase by FedEx. In the year-ending 31 December 2015 TNT saw its overall revenue increase to €6.9bn (£5.1bn), from €6.7bn in the previous year, while its loss for the period reduced to €56m from €190m. TNT CEO Tex Gunning said that after years of decline, the business had returned to “sound and robust revenue growth” – as it […]
The TNT shareholders have between Monday and 30 October to accept the proposed acquisition offer from FedEx.
Stobart Group reported an increase in turnover and profit in its transport and distribution unit in its final year as a fully-owned division of the business.
Road transport rates have hardly moved over the last three years, provisional new data from the Office for National Statistics (ONS) has shown.