TNT Express sinks into the red on restructuring charges

TNT Express sinks into the red on restructuring charges
TNT Express slumped to a 137 million euros [US $156 million] net loss in the fourth quarter of 2014 from a 32 million euros profit in the same period in 2013, driven mainly by restructuring charges tied to an abortive takeover bid by its larger rival, UPS, two years ago.
The…
TNT Express sinks into the red on restructuring charges
Journal of Commerce