Tag: Courier/Express/Parcels

TNT feels heat as ‘break-up’ camp grows

Posted by | Dec 6, 2005 | |

TNT will today come under pressure to make clear its intentions for its struggling logistics division, as analysts ponder the potential sale of the unit or the break-up of the business as a whole. Anticipation has been heightened by TNT’s decision to schedule a press conference this morning, ahead of a briefing for analysts. The company would not comment on either event, but in October promised it would discuss logistics strategy with analysts. Bert van Hoogenhuyze, at Theodoor Gilissen in the Netherlands, said: “Analysts will look for answers on the future of its logistics business. There is so much competition and the unit has not been achieving the returns of five years ago.”
Dresdner Kleinwort Wasserstein said in a recent note on TNT: “The pressure is definitely on. The ‘break-up’ camp is growing.”

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FedEx urges Tokyo to strip Japan Post of operating advantages

Posted by | Dec 6, 2005 | |

FedEx Corp has asked the Japanese government to remove Japan Post’s operating advantages ahead of April when it is scheduled to enter the international distribution market, the Financial Times reported.

In its online edition, the newspaper cited David Cunningham, president of FedEx Asia, as saying all players should compete on an equal and transparent basis.

Japan’s international distribution market has been dominated by the ‘big four’ — FedEx, United Parcel Service (UPS), DHL and TNT – with an estimated 70-80 pct market share.

‘Japan Post currently enjoys many regulatory advantages that inhibit fair competition,’ Cunningham was cited as saying.

Japan Post does not have to pay the fees associated with declaring packages’ contents to customs which private companies must pay, he said.

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TNT to acquire leading Spanish domestic express distribution company TG+

Posted by | Dec 6, 2005 | |

TNT today announced that its Express Division will acquire TG+, a leading Spanish domestic distribution company, subject to regulatory approval. The proposed acquisition of TG+ will expand and strengthen TNT’s domestic express business and fuel its international express business in Spain, a strategic market in Europe with high growth potential. At the same time, TG+ will further drive growth of TNT’s leading position in the premium express delivery market in Europe by providing better coverage in this key market. TG+ is the third industrial parcel operator in Spain with revenues of around EUR120 million split between its own operations (EUR100 million) and dedicated agents.

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TNT announces initiatives to sharpen strategic focus

Posted by | Dec 6, 2005 | |

TNT announces today a broad range of initiatives that will sharpen its strategic focus on its core competency of providing delivery services by managing transport networks like Mail, Express and Freight Management. Key resulting initiatives include exiting its logistics business and a EUR 1 billion share repurchase which commences today. TNT intends to sell logistics business representing approximately EIR 3.4 billion in annual revenues and it has appointed Goldman Sachs to assist in the sale. The intended sale is expected to be completed in the second half of 2006. The transaction is subject to TNT shareholder approval.

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Polish parcel delivery sector attractive for global giants

Posted by | Dec 5, 2005 | |

Another courier company is planning expansion in Poland. TNT Express wants to double its domestic market share in two years by extending its branch network or taking over one of its competitors. There are two courier companies in Poland, which will certainly attract attention of investors. They are Opek and Siodemka. TNT does not reveal the target of its potential acquisition, however it should be expected that the company be interested in one of them.

“We are analysing the possibilities of taking over one of Polish courier companies. If it worked, our incomes would increase by ZL70-80m annually. The final decision concerning the transaction will be made at the turn of January and February,” said Robert Mianowski, TNT’s general director in Poland. It is worth reminding that Poczta Polska post office was also interested in Opek. “Recovering our position on the courier market is still one of our priorities,” stated Marcin Anaszewicz, Poczta Polska’s spokesman. “There is no other way of winning market share quickly than by taking over one or two companies,” said a manager from one of TNT’s competitors.

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