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 […]
The Reed Boardall Group has defied rising costs and fierce competition in the transport sector to deliver a 13% rise in underlying pre-tax profit.
Turnover and pre-tax profit at Royal Mail Group continued to climb last year, despite increased competition in the parcels sector and declining letter volumes.