TNT looks to brighter 2013

Markets

Monday, February 18, 2013

TNT Express received a 200-million-euro ($267 million) termination fee from UPS this month, a reminder of the failed merger deal for the European integrator. Fourth-quarter results presented further disappointment for TNT, showing a 0.5-percent, year-over-year, decline in revenue to 1.86 billion euros, coupled with an operating income loss of 71 million euros. TNT’s overall loss for the quarter stood at 148 million euros, a 14.5-percent year-over-year impr...

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