TNT UK’s pre-tax loss ballooned to £22.1m last year ahead of its acquisition by FedEx Corporation in May 2016. New accounts published at Companies House show the business’s year-on-year loss increased 32.3% compared with a loss of £16.7m a year earlier. Turnover in the year ended 31 December 2015 fell 1% to £718m (2014: £725m). The carrier’s operating margin was minus 2.9% compared with minus 2.3% a year earlier. In its accounts, TNT UK said it had seen a decline […]
C Butt is seeing an “important turnaround” in its fortunes this year after winning new business and expanding existing partnerships, according to joint MD Jonathan Butt.
City Link parent Better Capital has revealed it will inject more money into the the parcel carrier in a bid to turn the loss-making business around.
TNT UK is restructuring its operations and sales divisions in a management shake-up that will see up to 15 redundancies.