TNT operating income down 45%

TNT operating income down 45% Dutch express giant TNT said Monday its second quarter net profit fell 60.5 percent to $115 million, while operating income declined 45 percent to $254 million.
   Revenue for the TNT Group also fell 10 percent to $3.6 billion. TNT Chief Executive Officer Peter Bakker said he expected a tough environment the rest of the year, despite some initial signs the global economy is improving.
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