Tag: TNT

German express and parcels market heads for consolidation

Posted by | May 5, 2006 | |

The German express and parcels industry is set for further consolidation in the next few years against a background of low growth in the mature domestic market and stronger growth for cross-border volumes. Meanwhile, trends such as rising B2C volumes driven by e-commerce and new technologies such as RFID will play even more important roles in the future. Those were the key messages from senior industry managers in a panel discussion at the recent “European CEP Congress” in Bonn.

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TNT expects to complete logistics sale H2 2006

Posted by | May 3, 2006 | |

TNT NV expects to complete the sale of its Logistics business in the second half of 2006, CEO Peter Bakker said on May 3, 2006. After the sale TNT will announce what it intends to do with the divestment proceeds. There are different opportunities – an additional share buyback, a distribution of a one-off dividend and/or investments in a further growth – the CEO added. Bakker declined to comment a statement of UPS, the world largest package delivery company and a leading global provider of specialised transportation and logistics services, that it was ready for an extremely large acquisition.

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TNT announces 2006 Q1 results.

Posted by | May 3, 2006 | |

TNT reports 14.2% operating income growth with operating income up 30.5% in the Express business egment and in Mail over 4% revenue growth with an operating margin of almost 22%. CEO Peter Bakker said “We are pleased with the developments in Q1 of 2006. In all key areas of our Focus strategy, good progress has been made. Our businesses performed well, tax issues were further mitigated and the Logistics divestment is in progress. Our performance clearly supports the strategic direction that we started with our Focus strategy.”

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TNT sells ID Company Fashion to WE International

Posted by | May 2, 2006 | |

TNT and WE International today announced that they have completed the sale of ID Company Fashion BV (IDCF). Parties agreed not to disclose financial details. TNT decided to divest IDCF as the company’s activities are non-core to TNT.
IDCF is one of the leading suppliers of corporate wear in the Netherlands.

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