UPS’s UK business recorded “modest growth” last year in both turnover and pre-tax profit, with revenue rises largely driven by its European and international businesses. Turnover rose 8.7% to £944.9m in the year to 31 December 2016 (2015: £869.1m), with pre-tax profit up 6.9% to £62.3m (2015: £58.3m). However, whilst the UK market provided the lion’s share of the turnover at £383.3m (2015: £380.2m) it rose just 0.8% in the period. This compared to a 15% revenue rise from its […]
MT Partnership Award winner Miniclipper Logistics is planning further expansion and investment after a record performance this year.
TNT Express chief executive Marie-Christine Lombard has resigned, ahead of the parcel company’s acquisition by UPS. Chief financial officer (CFO) Bernard Bot will take over her position as interim CEO at the end of September, when Lombard leaves the company to pursue another career. “It is regrettable that Marie-Christine has decided to leave TNT Express now. We thank Marie-Christine for her contributions and wish her well for the future,” said Antony Burgmans, chairman of the supervisory board at TNT Express. […]