Dutch Logistics group TPG intensifies restructure
Dutch mail and parcels firm TPG, the world’s second-largest logistics group, delivered second-quarter results yesterday that were better than expected and stepped up efforts to restructure its logistics operations.
The group, which owns Atherstone parcels carrier TNT, employs over 160,000 people in 62 countries and serves over 200 countries. During 2002 the company reported sales of GBP8.2 billion, an increase of 5% over the previous year.
Chief executive Peter Bakker hailed the performance of the mail and express businesses but said: ‘Logistics continues to produce disappointing results but I am confident that major improvements will be made in the future.’
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