Tag: Courier/Express/Parcels

Dutch TNT may pick up Indian Gati

Posted by | May 4, 2005 | |

The courier and express cargo industry in India is slated to go through a phase of consolidation. Last year, DHL Express India acquired Blue Dart and the industry is now rife with the speculation of another big-ticket acquisition.
This time, the target is learnt to be Secunderabad-based express cargo major Gati and the company eyeing it is Dutch express cargo and logistics major TNT.
TNT already operates in India, though its presence its currently limited. Gati’s acquisition will give the MNC a pan-India presence. While TNT India refused to confirm the move and described it as a rumour, Gati is in closed period and refused to comment. However, sources say that the two companies are in active negotiations.

TNT already has a limited presence in India and the acquisition of Gati will give it a pan-India presence.

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TNT predicts double-digit growth in Hungary for 2005, remains market leader

Posted by | May 4, 2005 | |

TNT Express Worldwide Hungary recorded revenues of HUF 7.89 billion (USD 39 million) in 2004, 14% more than a year earlier, meaning that the company met its own forecast predicting double-digit growth for 2004, managing director Marton Jarosi announced Wednesday. The Hungarian branch is not allowed to publish profitability figures and forecasts, Jarosi said, revealing only that he expects group revenues to show double-digit growth in 2005 as well. TNT Express Hungary spent slightly more than HUF 200 million on investments last year, of which IT-related developments accounted for HUF 140 million, while other infrastructure investments totaled HUF 66 million. The latter included the purchase of 20 vehicles.

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Plan for TNT parcel depots change

Posted by | May 4, 2005 | |

Parcel delivery company TNT has announced plans to restructure its depots at East Midlands Airport and move some staff further afield. TNT is consulting with workers to move its international logistics section at EMA and give the space in the building to its air-hub operation. But the company has no plans to lose any of the 50 staff based at EMA. A spokeswoman said it was hoped they would all be given jobs either at Leicester or Nottingham depots, both of which currently offer only domestic services.

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TNT profits increase 3.8 percent in first quarter

Posted by | May 4, 2005 | |

TNT’s first quarter earnings from operations are up by 5.5 percent with mail showing strong margins and lower declines in direct mail volumes. EMN is growing in line with expectations. The express sector has continued margin improvements while the logistics sector faces a difficult environment in France.

Earnings per share up by 8.7 percent with profit attributable to the share holders up by 3.8 percent. Also the cancellation of 20.7 million outstanding shares.

CEO Peter Bakker says “In Mail and Express, we made a good start to the year. Mail division recorded a strong operating margin, with the Cost Flexibility program continuing to drive efficiency. For the first time, we gained more addressed volume abroad than we lost in the Netherlands. Express revenues grew double digit and operating income was up almost 50 percent, reaching another quarterly margin record.”

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