TPG and Fiat Auto renew spare parts logistics contract
Mail, express and logistics company, TPG N.V., through its TNT Logistics Italy business unit, have announced a five-year renewal of the spare parts contract for Fiat Auto. The deal is estimated to be worth EUR 1 billion in revenues over the contract term.
The contract will include packaging, storing and delivery of spare parts to dealers in Europe for Fiat Auto, as well as warehousing activities in Italy, France, UK, Spain, Poland, Austria and Greece.
Under the terms of the renewed contract, TNT Logistics will provide solutions to Fiat Auto that will optimise its transportation and distribution between its warehouses and dealers to ensure faster delivery at the lowest possible cost. With TNT Logistics expertise and assistance Fiat Auto will also introduce new
packaging methods and will improve its reverse logistics and the utilisation of reusable containers.
Following the successful partnership between the two companies, TNT Logistics and Fiat Auto have been able to sign the renewed agreement ahead of the original expiry date in 2005.
Dave Kulik, TNT Logistics’ Group Managing Director says, “This is an extraordinary example of how a customer and its logistics partner can collaborate openly and in the best interest of both parties, to develop a unique solution.”
Fausto Forti, Managing Director of TNT Logistics Italy states, “This contract renewal further highlights TNT Logistics’ position as the European market leader in automotive logistics and shows how our unrivalled expertise continues to be beneficial to clients.”
TPG N.V., with its two brands TNT and Royal TPG Post, is a global provider of mail, express and logistics services. The group employs over 163,000 people in 64 countries and serves over 200 countries. For 2003 the company reported sales of EUR11.9 billion, an increase of 0,7percent over the previous year. TPG N.V. is publicly listed on the stock exchanges of Amsterdam, New York, London and Frankfurt.
