FedEx UK sees profits plunge as cost of integrating TNT Express continues to rise


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 […]