A growing customer base and increased network capacity drove growth at Tuffnells in the year to 31 August 2016 results, underpinning a successful performance for owner Connect Group. The parcel firm, which specialises in irregular dimensions and weights, saw turnover increase 7.3% year-on-year, from £162.6m to £174.4m. Its operating profit for the same period grew 4.9% to £15m (2015: £14.3m), though the company’s profit margin would have been even higher if not for investment in infrastructure. This saw the company open new depots […]
TNT UK made a pre-tax loss for the fourth year running in 2017, during a lengthened reporting period that brings the company in-line with parent company FedEx’s financial year.
TNT Express UK & Ireland has confirmed around 50% of TNT Fashion Group UK’s dedicated network of distribution sites will be integrated into existing TNT Express sites as part of the DC rationalisation announced in January.
Palletways has appointed a former TNT UK manager to head up its Oxford operation, as activity at its new Abingdon site gets underway.