TPG Expands partnership with CTT Correios
Mail, Express and Logistics company TPG N.V. announced that through its division TNT Express, it has today signed a 5-year agreement with Postlog, the express division of CTT CORREIOS (the Portuguese Post Office). The agreement will provide co-branded worldwide express delivery products via the PostLog sales organisation in Portugal.
The deal extends a relationship between the two companies which began three years ago when Postlog began using a small selection of TNT services to European destinations. A letter of intent was signed last year to develop the partnership further and the result today is that Postlog customers will now have access to TNT’s entire global network, to two extra time-definite service options – before 0900 and before noon deliveries – and to TNT’s full range of Track and Trace options.
The joint services will be piloted from Monday October 7th until the end of 2002 in an area around the cities of Braga and Guimares via a dedicated sales team and 17 postal outlets. By the end of 2003 jointly developed services will be available throughout the country.
The agreement is the 5th postal partnership announced by TNT in the last 12 months, following the deals signed with the post offices of Chile, Romania, Indonesia and Korea.
Fernando Melo, Country General Manager TNT Portugal said: “We are delighted to be partnering with such a well-regarded organisation as Postlog and I believe this is a true ‘win-win’ agreement for both of us. Each party in the deal avoids the costs of setting up its own fixed network, TNT improves its brand awareness in a growing market and most important of all, customers enjoy more choice and better service levels.”
Louis Phillipe, Managing Director of PostLog, added: “We chose TNT Express as our partner because of their expertise, experience and thoroughly professional approach. The length of the deal reflects our confidence in TNT and our commitment to delivering sustainable customer satisfaction.”
Notes to editors TPG, with its two brands TNT and Royal TPG Post, is a global provider of mail, express and logistics services. It employs over 143,000 people in 60 countries and serves over 200 countries. The company reported sales of Euro 11.2 billion in 2001, which have grown by 4.2% in the first half of 2002. TPG is publicly listed on the stock exchanges of Amsterdam, New York, London and Frankfurt.
TNT Express is a division of TPG. TNT Express is the world’s leading business to business express delivery company. The express company delivers 3.6 million parcels, documents and pieces of freight a week to over 200 countries using its network of 878 depots, hubs and sortation centres.
TNT Express now has partnership deals with more than 30 postal operators around the world including Switzerland, Belgium, Sweden, Luxembourg and China.
For more information please contact (not for publication): Tony Danby TPG Media Relations Telefoon: +31 20 500 64 26 E-mail: [email protected]
