TNT foregoes mail for parcels and freight

TNT said it aims to boost the earnings margin for parcels and freight to between 13-16 per cent in 2015 from 9 per cent currently. It plans to maintain mail margin at the current level of 16 per cent even as revenue declines. TNT’s net profit shrunk 12.4 percent in the three months to 30 […]


TNT said it aims to boost the earnings margin for parcels and freight to between 13-16 per cent in 2015 from 9 per cent currently. It plans to maintain mail margin at the current level of 16 per cent even as revenue declines.

TNT’s net profit shrunk 12.4 percent in the three months to 30 September from a year ago to US$147 million, the fifth consecutive quarter of declining earnings.