TNT is to build a new 600,000ft² hub in Dartford. It announced its plans for the new facility just months after its new Swindon hub became operational last year (pictured). TNT said it had chosen the site just off junction 1a of the M25 because of its links to London, the south east and to cross-channel transport links. Developer Exton Estates said it should hand over the building in September, and TNT expects the site to be fully operational by […]
UPS says it is still in talks to buy rival TNT Express, despite its initial bid on 17 February being rejected by the Dutch parcels giant. “UPS remains in constructive discussions with TNT Express NV regarding a potential transaction to acquire the entire issued share capital of TNT Express,” a statement from the US parcel giant says. A bid of €9 per share was offered by UPS last month, worth €4.9bn, but this was rejected by TNT just five days […]
APC Overnight blamed changing types of freight for the dip in pre-tax profit that it saw in the last financial year.
DX Group’s new management team said last week that its turnaround strategy was gathering pace at the embattled business.