Tag: Consulting

TNT announced the start of its third and last tranche under the EUR 500 million share buyback programme on 29 April 2008. This last tranche amounts up to EUR 200 million.

TNT announced the EUR 500 million share buyback program on 30 July 2007: on 4 January the first tranche of EUR 200 million and on 15 February the second tranche of EUR 100 million were completed.

TNT’s issued share capital currently consists of 379,224,255 ordinary shares. This number still includes the 11,034,904 shares repurchased as part of the above-mentioned tranches. These shares are cancelled following the decision of TNT’s AGM on 11 April 2008 once all necessary formalities have been fulfilled. TNT intends to cancel the shares to be acquired under this last tranche taking into account applicable regulations as stipulated by law and the articles of association.

TNT Express has signed a strategic global contract to optimise TNT Express’ global infrastructure and networks through the provision of and access to ORTEC’s state-of-the-art optimisation knowledge and solutions. Together, ORTEC and TNT will seek to optimise network solutions as part of the Global Optimisation (GO) programme to further enable the standardisation of TNT’s infrastructure on a global scale, as well as enhance the operational transformation and integration of TNT’s newly acquired companies in Spain, Brazil, India and China. The solutions will also include carbon footprint calculations for improving sustainability and reducing carbon emissions – an essential component of TNT’s Planet Me programme.

‘Network optimisation is critically important to TNT in achieving our strategic focus and aspirations,’ says Mark Bradley, Global Operations Director of TNT Express. ‘Already, initial results of the partnership are most promising. ORTEC solutions have already been introduced in several countries around the world and delivered significant unit cost optimisation and service improvements in all functional areas of operations.’

The GO-Toolbox consists of several ORTEC solutions, each of which contains advanced optimisation techniques. The solutions are specially tuned to optimise each of the components of the TNT Express supply chain – from line haul networks, hubs and country infrastructure to pick ups and deliveries. The solutions can either be used individually or as part of an integral programme of activities, leading to network wide optimisation possibilities.