Tag: TNT

TNT feels heat as ‘break-up’ camp grows

Posted by | Dec 6, 2005 | |

TNT will today come under pressure to make clear its intentions for its struggling logistics division, as analysts ponder the potential sale of the unit or the break-up of the business as a whole. Anticipation has been heightened by TNT’s decision to schedule a press conference this morning, ahead of a briefing for analysts. The company would not comment on either event, but in October promised it would discuss logistics strategy with analysts. Bert van Hoogenhuyze, at Theodoor Gilissen in the Netherlands, said: “Analysts will look for answers on the future of its logistics business. There is so much competition and the unit has not been achieving the returns of five years ago.”
Dresdner Kleinwort Wasserstein said in a recent note on TNT: “The pressure is definitely on. The ‘break-up’ camp is growing.”

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TNT to acquire leading Spanish domestic express distribution company TG+

Posted by | Dec 6, 2005 | |

TNT today announced that its Express Division will acquire TG+, a leading Spanish domestic distribution company, subject to regulatory approval. The proposed acquisition of TG+ will expand and strengthen TNT’s domestic express business and fuel its international express business in Spain, a strategic market in Europe with high growth potential. At the same time, TG+ will further drive growth of TNT’s leading position in the premium express delivery market in Europe by providing better coverage in this key market. TG+ is the third industrial parcel operator in Spain with revenues of around EUR120 million split between its own operations (EUR100 million) and dedicated agents.

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TNT announces initiatives to sharpen strategic focus

Posted by | Dec 6, 2005 | |

TNT announces today a broad range of initiatives that will sharpen its strategic focus on its core competency of providing delivery services by managing transport networks like Mail, Express and Freight Management. Key resulting initiatives include exiting its logistics business and a EUR 1 billion share repurchase which commences today. TNT intends to sell logistics business representing approximately EIR 3.4 billion in annual revenues and it has appointed Goldman Sachs to assist in the sale. The intended sale is expected to be completed in the second half of 2006. The transaction is subject to TNT shareholder approval.

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TNT sells bulk of French logistics unit

Posted by | Dec 5, 2005 | |

Dutch mail, parcel and supply chain operator TNT is to shed most of its struggling French logistics unit three years after it was acquired.

The European Union cabotage system and the French 35-hour working week took most of the blame for the unit’s problems.

Around 60percent of TNT’s French logistics activities have been sold and the rest will be sold in the next month.

French haulage and logistics giant Norbert Dentressangle has snapped up the majority of TNT’s contract logistics activities and part of the transport activities of French subsidiary TNT Logistics Holdings SAS. Price details were not revealed.

Jose Driessen, a TNT spokeswoman, said the French market was ‘very specific’ in that, contrary to most European units, transport accounted for 60percent of its activities and logistics 40percent.

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TNT and Norbert Dentressangle conclude deal for the majority of TNT Logistics France’s logistics and part of its transport business

Posted by | Dec 1, 2005 | |

TNT and Norbert Dentressangle announced today that they have signed an agreement for the sale of the majority of the contract logistics activities and part of the transportation activities of its French subsidiary TNT Logistics Holdings SAS. This sale is effective from today.

This sale includes in particular the businesses of Aixor, Cemga, Copal, Nord Mendy, the Clermont-Ferrand site of Nicolas and the shares of Les Routiers Francais and Barco. TNT branding will be removed progressively from the facilities, before October 31st 2006.

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