News / TNT reduces losses in Q3 of 'transition year' as it prepares for merger with FedEx

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TNT, in the midst of change, announced this morning that it had improved its results in the third quarter, year-on-year, but posted an operating income loss of €27m, an improvement on the €51m loss in Q3 2014.

The express company, which also noted that “substantial progress” had been made with regard to the European Commission’s clearance of its merger with FedEx, saw revenues rise 2.3% to €1.67bn.

The Q3 result, it said, was affected by pricing pressures, and the company blamed economic ...