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 […]
FedEx’s €4.4bn (£3.4bn) takeover of TNT Express is set to complete later this month, just over a year since the parcel giants announced the deal.
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.
Palletways and TNT Express have won two separate European distribution contracts with Yankee Candle.