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. For the 17 months ended 31 May 2017, the business reported a pre-tax loss of £34.3m; a greater loss than that of £22.1m in its previous reporting period to the end of 2015. In its strategic report TNT UK said £5.7m of the loss was down to exceptional transformation costs, and […]
CitySprint has snapped-up two more courier firms as it continues its strategy of growing through acquisition.
The offer period for the proposed merger of UPS and TNT Express has once again been extended. Following an exemption granted by The Netherlands Authority for the Financial Markets (AFM), the period has been extended until one week after competition clearances have been obtained from regulators, the European Commission and the Chinese Ministry of Commerce. The clearances are not expected to be issued before the end of the current offer period on 9 November. The latest extension will see the […]
Gregory Distribution, which last year snapped up Interoute Transport Services, has purchased Devon-based refrigerated haulage business M&D Transport.