Pre-tax profit at parcels giant FedEx UK plummeted by more than a quarter last year, the parcels company has revealed. Reporting its latest annual results to 31 March 2019 the company, which operates a fleet of over 800 trucks and 700 trailers from a string of depots across the UK, revealed a 27% fall in pre-tax profit to £13.7m, down from £18.7m in the previous year. Turnover in the period fell by 12.27% to £218.5m (2018: £249m). In its strategic […]
TNT said 2015 will continue to be a year of transition for the company after reporting third quarter turnover of €1.6bn (£1.2bn), up 2.3% year-on-year, and a €27m operating loss, compared with an operating loss of €51m for the third quarter of 2014.
TNT Express has unveiled a strategy to improve its performance and financial results as both group turnover and operating profit continue to decline.
Palletways has appointed a former TNT UK manager to head up its Oxford operation, as activity at its new Abingdon site gets underway.