TNT Logistics and Fiat SpA said they have renewed their
contract for packaging, storage and spare parts distribution to
dealers in Italy and warehouses in Europe for a further five years.
Under the terms of the agreement, TNT Logistics will receive 150 mln
eur per year for the next five years, the companies said in a joint
statement.
TNT Logistics has won a Euro34 million contract in Latin America. The company has signed an exclusive three-year contract with CNH Group (incorporating Case, Fiat Allis and New Holland) to design and manage an integrated logistics operation within Latin America. The Euro34 million contract covers the outsourcing of CNH’s entire Logistics activities to TNT, ranging from the import of spare parts and materials, to the warehousing and distribution of finished products and spare parts for the dealer network throughout Latin America.
CNH was established in 1999, through Fiat SpA’s Euro7.6 billion acquisition of Case Corporation, representing one of the biggest acquisitions ever made by Fiat. Last year, worldwide revenues of CNH exceeded Eurol 1.7 billion. The CNH Group is now the largest company of its kind in Brazil, incorporating Fiat Allis and Case brands for construction machinery, and New Holland and Case IH for agricultural machinery. CNH estimates
that 2001 growth in Brazil will be 10 to 15 per cent over the Euro8S2 million registered in 2000.
TNT Logistics has signed an exclusive three-year contract with the Case New Holland Group (CNH Group) to design and manage an integrated logistics operation within Latin America utilising cargo capacity from local carrier TAM.
Read MoreTNT Logistics has gained a three-year contract to support Anglian Waters supply chain.
Read MoreTNT Logistics has opened a new distribution centre near Vatry, France for Fiat Auto spare parts. The site employs 300 staff and has direct rail and motorway links. It is reported to be the largest custom-built site in France this year.
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