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 […]
APC Overnight is to hold a recruitment open day for former City Link staff tomorrow (6 January).
The European Commission’s decision to prevent UPS from acquiring TNT Express “risks reducing competition, not increasing it”, an analyst at Transport Intelligence said. UPS has now pulled out of its multi-billion Euro plans to take over TNT Express, which the logistics analyst believes highlights the scale of the challenges the US parcel carrier faced in regard to meeting the regulatory requirements. Transport Intelligence head of consultancy Joel Ray said: “Their decision making process looks flawed, caused by a fundamental lack of […]
Sainsbury’s and Asda’s distribution networks could be a target for cuts if the proposed merger between the two supermarket giants goes ahead, a retail analyst warned this week.