Behind the numbers – how GXO's strategy stacks up
Neil Shelton on M&A, returns and outsourcing
Post and Parcel reported on TNT’s fourth-quarter results yesterday, which saw the Dutch express operator move back into the black with a €110m year-on-year improvement in profitability. Ahead of its forthcoming takeover by FedEx and having the secured the sale of its airline to ASL Aviation Group (set to close after its takeover is completed), TNT focused on the small-to-medium enterprise segment in Europe as it sought to increase revenues in what is generally considered its home market. Full-year profit came in at €38m, compared with an operating loss of €84m in 2014.