TNT announces that the minority shareholder in its Italian joint venture TNT Arvil, Ecotras SRL of Milan, has given notice of the exercise of its option. Under this option Ecotras had the right to sell its 49% shareholding in TNT Arvil to TNT Logistics Holding Italy SRL. After transfer of the shares TNT Logistics Holding Italy SRL will hold all shares in TNT Arvil.
Read MoreTNT extended its logistics contract with Italian tire maker Pirelli & Co SpA in Spain for three years, TNT said on February 14, 2006. Financial details were not available. Under the contract, initially signed four years ago, TNT’s Spanish logistics unit will be responsible for distribution of tires to various countries from its warehouse in Manresa and two national distribution centres near Madrid and Barcelona.
Read MoreTNT NV said it agreed to sell the remaining activities of Logistiques Nicolas to French cargo transport operator Malherbe for an undisclosed sum. The company noted that some 95 pct of TNT Logistics France, which TNT put up for sale last year, has now been sold.
Read MoreTNT Logistics has won a contrat valued at well in excess of GBP100m with ILVA, a Danish retailer with big plans to launch in the UK.
Read MoreNissan, on behalf of the Nissan Renault Alliance, has renewed its UK distribution contract, worth in excess of €30 million (£21m), for a further three years with TNT Logistics. The companies have worked in close partnership for 14 years. The operation involves delivering vehicle parts from a single national parts distribution centre at Lutterworth, Leicestershire, delivering through the night to over 400 Nissan and Renault dealerships, five nights a week.
Read More
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.
