TNT UK has posted a drop in pre-tax profits in its latest accounts despite a slight growth in turnover. Now part of FedEx Corporation, the logistics operator reported pre-tax profit was down 6.8% to around £32m in the period ending 31 May 2019 (2018: £34.4m) Turnover was up 0.9% to £670.2m from £664m the previous year. TNT received a welcome boost in July 2019 when it clinched a major three-year deal with the Home Office for the secure delivery of […]
The European Commission (EC) is to probe potential competition concerns in the small parcels sector, particularly international express services, if UPS’s takeover of TNT Express goes ahead. Dutch-owned TNT Express and US parcel giant UPS are two out of the four ‘integrators’ operating within Europe (integrators are companies that control an air and road small package delivery network throughout Europe and beyond and are capable of offering the broadest portfolio of such services). The other integrators classified by the EC […]
TNT UK has revealed business transformation specialist Marianne Culver as its new MD, replacing Alistair Cochrane who has left the business.
DX Group sales and marketing director Paul Doble has warned that online retailers are in danger of overwhelming capacity on their distribution networks in the run up to Christmas. Financial services firm Experian has predicted a 36% rise in online retail visits today and Doble said retailers should re-assess their delivery capabilities. Carriers are offering collection two working days before Christmas. TNT Express, DPD, FedEx, Hermes and UK Mail all said that 21 December is the last day they can […]