TNT Express sees 80 per cent jump in Q3 profit

Product portfolio and customer service have contributed to the growth in profit


Asia Pacific Bernard Bot challenging times customer service Europe net profit product portfolio third quarter TNT Express UPS


TNT Express – on the verge of a takeover by UPS – has seen its third quarter net profit grow 80 per cent despite the challenging times. The third quarter operating profit rose 44 per cent to $59.36 million. According to Bernard Bot, interim CEO, TNT Express showed lower results in Europe but there were improvements in Asia Pacific. “In a challenging economic environment, we benefited from our diversified product portfolio and superior customer service,” said Bot.