Underlying growth for TNT

TNT increased underlying revenue by 4.2 per cent to €1.6 billion for the first quarter of 2016, and, although it made an operating loss of €1m, this was a €10m improvement on last year. The results, which were affected by fewer working days, included one-off charges of €10 million, of which €4 million related to

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FedEx expects go-ahead for TNT takeover

FedEx and TNT believe that the European Commission will not try to block the €4.4 billion takeover agreed in April. In a statement, the two companies said: “The internal deadline of the European Commission for issuing a Statement of Objections would have expired on 23 October 2015, but FedEx and TNT have been informed by

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UK Mail’s operations director steps down

Carl Moore is stepping down as group operations director of UK Mail “with immediate effect” and leaving the business to pursue other interests. He will be replaced by Peter Fuller, who will join the operating board of UK Mail in early 2016 as operations director. Fuller has been operations director at Parcelforce since November 2011.

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Ceva wins fashion contract worth £261m

Fashion retailers Coast, Karen Millen, Oasis and Warehouse have awarded Ceva a ten year contract worth £261m ($400m) to provide warehousing, store deliveries, e-commerce fulfilment, international distribution and 4PL services. Ceva will manage a newly-acquired 25,000 sq m shared-user facility in Oxfordshire, handling around 20 million units a year across 30,000 SKUs. The site, which

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TNT officially opens Swindon hub

TNT has officially opened its £15.5million regional sortation hub in Swindon. Managing director Marianne Culver described it as a “flagship development”. The 101-door building has sorting technology capable of processing more than 650 items per minute. Managing director Marianne Culver said: “Swindon is a flagship development and will set new standards of excellence in how

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FedEx hits start button on €4.4bn TNT bid

FedEx launches its €4.4 billion bid for TNT Express today, giving shareholders until 30th October to make up their minds on the deal. FedEx has made a cash offer of €8 per share, valuing the TNT business at some €4.4bn (£3.21 bn, $4.8bn). TNT Express will hold an extra-ordinary meeting on 5th October to discuss

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Operating profit rises at TNT

TNT’s operating profit rose to  €19 million in the second quarter, from €3m in the second quarter of 2014. Revenue was up 6.2 per cent to €1.76 billion. CEO Tex Gunning, said: “TNT’s turnaround is progressing well under our Outlook strategy. Service levels and customer satisfaction scores further improved. We are achieving good growth in

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Yodel appoints director to plan for black Friday

Yodel has appointed Mark Horrobin peak programme director, a newly created role, to strengthen and oversee the planning and execution for this year’s Christmas peak. Research by eDigitalResearch on behalf of Yodel suggests that four times as many shoppers are planning to place online orders this Black Friday as in 2014 Horrobin has already created

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XPO Logistics completes Norbert purchase

XPO Logistics has completed the purchase of a 67 per cent interest in Norbert Dentressangle SA moving it into the top ten of global logistics providers. Rebranding of the business is already starting with Dentressangle trucks being repainted to announce: #WeAreXPO. XPO Logistics trucks will debut at the grand départ of the Tour de France

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