Tag: TNT

British CEP market consolidates further

Posted by | Dec 1, 2006 | |

The fragmented British courier, express and parcels market looks set for a new wave of consolidation following this week’s GBP 210 million acquisition of independent parcels carrier Target Express by Rentokil Initial, parent holding of leading player City Link. The deal makes City Link into a top competitor to DHL, TNT and UPS in the domestic next-day parcels market.

Growth in Europe’s second-largest express and parcels market has slowed over the last year, especially in the domestic sector. The market is forecast to grow only moderately at about 3% over the next few years. At the same time, the traditionally fierce price-based competition in Britain and higher operating costs, especially fuel costs, have combined to put pressure on profit margins. These factors have hit smaller, domestically-focused companies in particular, and opened up new opportunities for mergers and acquisitions.

There have already been several important transactions in the UK in recent years. UPS improved its domestic market position with the acquisition of Lynx Express last year, while Amtrak Express Parcels broadened its portfolio through the takeover of Nightspeed. DHL had earlier jumped to become market leader with the acquisition of the Securicor Omega Express business, while GeoPost had acquired Parceline and Interlink Express.

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Will Postal Strike Knock Poczta Polska Out?

Posted by | Nov 29, 2006 | |

Over 12,000 postmen going on strike spells trouble not only for millions of Poles looking forward to sending Christmas cards to their loved ones; the protest by employees of Poczta Polska has ruined the promotional strategy of a number of companies which rely on the state mail and has generally made life much harder for virtually all of its customers. At the same time, it uncovered the inefficiency of the state-controlled institution. Perhaps the strengthening competition will wake it from its slumber.

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Romanian Courier Cargus eyes boost in 2007 Profit, Turnover

Posted by | Nov 24, 2006 | |

Romanian courier services provider Cargus expects a rise in its gross profit and turnover next year on the back of rising clients portfolio, a senior official told SeeNews.
“For 2007 we project a turnover of more than 25 million euro (USD32 million) and a profit of more than three million euro. The growth will be supported by the rise in the number of the clients and the widening of the services we offer,” Cargus vice-president Carmina Dumitrescu told SeeNews in a recent interview.
Cargus projects a gross profit of 2.1 million euro for the current year on an estimated turnover of 20 million euro, Dumitrescu said. The company reported a 15.3 million euro in turnover for 2005, and a gross profit of 2.46 million euro.
“Currently, Cargus has a 35% market share in Romania and up to 10% from the [country’s] international courier market,” Dumitrescu added.

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Express counter proposal for rural post office survival

Posted by | Nov 21, 2006 | |

Britain’s leading business-to-business express delivery company has dropped an idea into the debate surrounding the potential survival of hundreds, possibly thousands, of rural post offices.

TNT Express Services UK & Ireland is proposing that village post offices broaden their range of services to act as a ‘drop-off point’ for all parcel companies where packages cannot be delivered because the intended residential recipients are unavailable. Currently, only Royal Mail and Parcelforce have access to the network of rural post offices.

Nigel Barton, Director of Operations for TNT Express Services, said the idea would provide multiple benefits for both rural postmasters, delivery companies, customers and the environment.

“At a time when the very existence of rural post offices is in question this would provide them with a source of supplementary revenue, increase the efficiency levels of delivery companies, provide convenient access for the collection of parcels and packages and reduce the number of vehicle movements required to try and re-deliver goods.”

The enlightened initiative comes at a time when the Government is considering a drastic reduction in the GBP150 million-a-year subsidy given to help support the rural post office network

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TNT repurchases 18.2 million shares from the State of the Netherlands.

Posted by | Nov 21, 2006 | |

Today the State of the Netherlands announces it is selling all of its shares in TNT; 27.8 million ordinary shares to Citibank and UBS and 18.2 million ordinary shares to TNT. The repurchase by TNT represents a total consideration of nearly euro 600 million and 4.3 % of TNT’s outstanding ordinary share capital. The total sale by the State represents approximately 10.9 % of TNT’s outstanding ordinary share capital reducing the holding of the State of the Netherlands in TNT to nil.
Today’s repurchase by TNT is made part of the share buy back program that TNT announced on 6 November 2006. As a result of today’s transaction the total amount of the shares bought back until and including 20 November 2006 amounts to around 70 % of the announced euro 1 billion buy back. TNT intends to cancel all of the shares repurchased.

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