Tag: TNT

TNT acquires Mercurio, the express market leader in Brazil

TNT today announced the completion of its acquisition of 100% of the shares of Expresso Mercúrio S.A. (Mercúrio), the market leader in the Brazilian domestic express market. The acquisition provides TNT with an ideal platform to further develop an integrated South American road express network. Parties do not disclose further details on the price of this cash funded transaction.

Mercúrio leads the Brazilian domestic express market with a market share of 15%. In 2006, revenues of Mercúrio are expected to amount to around EUR 190 million. Mercúrio has developed the largest owned network in South and Southeast Brazil connecting 3,300 cities and has been expanding its reach into the Northeast since 2004, fulfilling its ambition of nationwide coverage. Its leadership was established by offering a high quality product portfolio with, among others, day definite services and track and trace. Mercúrio has a broad, diverse and loyal customer base in the domestic express market. The company employs over 6,000 employees and has a well developed network with 101 depots and 2,044 vehicles.

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Spain's Nacex expands Portuguese services

Spanish express company Nacex is improving its distribution in Portugal by expanding daily services and increasing geographical coverage to cover the whole country, including the islands of Azores and Madeira.

The three mainland services consist of next-day, door-to-door delivery before 10.30, within a 30km radius of one of its now 24 agencies spread across the country, and before 13.00 or 19.00 within a 100km radius.

Delivery times to Madeira vary between 24 and 48 hours, and transit to the Azores is estimated at 72 hours. The island services have the same tariff as the Portugal 10.30, subject to weight supplements.

Nacex has been part of Grupo Logísta, which also has subsidiaries in France, Italy and Portugal, since 2002, and only first formed 11 years ago.

Since then the carrier has expanded and now says it can deal with 60,000 items an hour through 275 agencies, 18 Spanish hubs, 1,170 vehicles and over 2000 staff.

Nacex is the sixth leading express company in Spain, behind DHL, Seur, MRW, TNT and Mex, according to the trade magazine Logística, Paquetería y Almacenaje.

In 2005, the company increased revenues by 21.5% on the previous year to EUR 164 million and, in the first quarter of 2006, registered a 12% rise in volume of items transported compared to the same period in 2005.

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TNT expects to earn Euro 1bn abroad

TNT Post expects a turnover of Euro 1bn from its European networks (eight countries outside the Netherlands) this year, according to the Financieele Dagblad. This is double the figure booked in 2005.

The company forecasts 2006 turnover from foreign activities to reach Euro 750m. The British and German markets are particularly important, said TNT.

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TNT Airways selects KLM Engineering

TNT Airways has selected KLM Engineering & Maintenance (KLM E&M) for the maintenance of its two Boeings 747-400 Extended Range Freighters. KLM E&M already maintains TNT’s growing Boeing 737F/QC fleet, under a full support contract. In addition, KLM E&M executes C-checks** on TNT’s BAE146 aircraft at its subsidiary KLM uk Engineering in Norwich; this contract has recently been extended by five years.

KLM Engineering & Maintenance and Air France Industries, which joined forces following the Air France KLM merger, are world-leading multi-product MRO (Maintenance, Repair, Overhaul) providers with a joint workforce of 15,000, offering comprehensive repair capability, integration expertise, component pool operational support and a powerful logistics network. Together they support the aircraft of Air France and KLM as well as more than 150 major customers worldwide.

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