Tag: TNT

Dutch TPG fears of postal market liberalisation are justified

Posted by | Apr 7, 2006 | |

TPG Post, the mail business of Dutch TNT NV, has every reason to worry that differences in value added tax (VAT) regulations in European countries could be an obstacle for the liberalisation of the Dutch postal market, according to a report on behalf of the Dutch Economic Ministry. The report was published on April 7, 2006, the day when Government was set to discuss the draft law for the liberalisation of the Dutch postal market. The bill, which Dutch Economics Minister Laurens Jan Brinkhorst will seek to make effective as of April 1, 2007, would mean the end of the monopoly of TNT. According to local research agency Ecorys Nederland’s report, UK and German companies are most likely to step on the liberalised Dutch postal market. But VAT differences in the UK, the Netherlands and Germany are significant and as a result TPG will be put at a disadvantage against UK Royal Mail and Germany’s Deutsche Post, the agency said.

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Dutch TNT sues UK tax department

Posted by | Apr 6, 2006 | |

Dutch TNT NV has filed a lawsuit against the UK tax department, TNT’s director public affairs, Nanno Aukes, said on April 5, 2006. The postal division of TNT believes it is seriously hampered in the UK postal market by the local tax authorities. The UK tax department abolished at the beginning of 2006 an earlier granted exemption from value added tax (VAT) to TNT, Aukes said. The tax exemption was granted to TNT because the company is partly operating as agent of Royal Mail in the UK. Royal Mail, which has been granted a full VAT exemption in the UK, enjoys great competition advantages as a result, Aukes added. TNT did not announce any figures relating to its revenue in the UK postal market. Revenue from postal services within Europe, excluding the Netherlands, stood at 600 mln euro (UD728.3 mln) in 2005 while the UK is considered to be a key market.

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Four Soft in deal with TNT Express

Posted by | Apr 5, 2006 | |

Hyderabad-based logistics and transportation software company Four Soft announced on Tuesday that it had bagged a contract to provide business intelligence software for the global logistics giant TNT Express. Company officials said the initial deal is estimated at USD100,000-150,000, but is likely to have a long-term impact on the company’s revenues, as it operates on a per-user license-fee model.

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Dutch TNT completes 83.5 pct of share buyback

Posted by | Mar 29, 2006 | |

TNT NV has completed 83.5 pct of its share buyback programme, the company said on March 29, 2006. TNT plans to cancel the repurchased shares. The company announced in December 2005 its plans to buy back own shares for 1.0 bln euro (USD1.2 bln). The company said then it expected the share buyback programme to involve 42.6 million shares and to take about four months. That period is now extended by one month.

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TNT seeks expansion in Germany; wants to grab market share from Deutsche Post

Posted by | Mar 28, 2006 | |

Dutch postal company TNT NV wants to expand in Germany, grabbing some of Deutsche Post World Net AG’s market share in mail delivery, board member Harry Koorstra told Frankfurter Allgemeine Zeitung. The company wants to set up logistics centres in Munich and Berlin and is also not ruling out acquisitions.
TNT is already present in Frankfurt, Stuttgart, Hamburg, and most recently in the Ruhr Basin. ‘If we have the densely populated areas, we’ll have the German market,’ Koorstra said. With this move, the company is preparing for the liberalisation of the German mail delivery business in 2008. In the longer term, Koorstra thinks Deutsche Post’s market share will decline to around 70 pct from today’s 95 pct, and he thinks Germany can only cater to three competitors if it is to be profitable.

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