Tag: TNT

TNT unveils USD 2.5 million Gulf expansion

Posted by | Nov 15, 2005 | |

TNT Express has unveiled a USD 2.5 million expansion to enhance and expand its Gulf-wide ground infrastructure. The company is to open new road hubs in the UAE, Bahrain and Saudi next year as well as an additional trucking facility in Kuwait. This latest investment is a direct response to TNT’s rapid regional growth as the company focuses on improving its penetration across Gulf markets over the next five years. ‘Our non-document and road products are growing at 40% each year and have significantly contributed to annual revenue growth of over 30%. It is widely anticipated that these growth rates will prevail for another three to four years,’ said Mark Pell, TNT’s Managing Director, Gulf.

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TNT and Cosco enter strategic partnership to jointly develop China and Asia Pacific logistics business

Posted by | Nov 14, 2005 | |

Cosco Group together with TNT unveil a strategic partnership, with the formation of a Joint Venture (JV). The announcement is made jointly by Captain Wei Jiafu, President of Cosco Group and Mr Peter Bakker, CEO of TNT. The partnership will enable Cosco to further penetrate into the Asia Pacific logistics market, and it will enable TNT to expand its presence in China as well as its China-linked logistics business. As a first step in this strategic partnership, both industry leaders today signed the Letter of Intent for the establishment of a logistics JV. The JV aims at becoming the world’s recognised leader in supply chain management in the Asia Pacific region. The combined strengths of both companies will create more comprehensive service offerings and geographical coverage to customers. The new 50/50 JV is expected to be operational in 2006.

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Will FedEx gun for No. 4 TNT?

Posted by | Nov 11, 2005 | |

As shares of the world’s fourth-largest package carrier fizzled Thursday, Wall Street matchmakers couldn’t resist thinking FedEx Corp. would be the perfect suitor. Dutch transportation company TNT NV lost more than 5 percent of its stockholder value Thursday, a day after a private German investor said he was putting together a group, including an unnamed strategic investor in the logistics field, to buy it. When nothing materialized, investors began jumping ship. Analysts say it’s very possible FedEx is the strategic investor, interested in buying the express delivery or logistics division, or both.
“It would give FedEx a strong presence within Europe and the ability to offer comprehensive logistics and supply chain solutions,” said Jon Langenfeld, analyst at Robert W. Baird & Co. While UPS has also been touted as a possible suitor, the move makes more sense for FedEx because UPS already has a strong presence in Europe and a logistics platform for nonpackage solutions. FedEx would not comment.

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TNT advocates liberalisation of postal market – level playing field with UK and Germany prerequisite for further liberalisation

Posted by | Nov 11, 2005 | |

TNT has taken note of the Council of Ministers’ decision to request advice from the Council of State regarding the proposal for a new postal act. In light of the proposed full liberalisation of the postal market in the Netherlands, the present Dutch Postal Act will need to be amended. TNT is a proponent of postal liberalisation, provided a level playing field is created in Europe. According to the Postal Memorandum, liberalisation in the Netherlands will have to keep in step with the rate of liberalisation and actual competitive opportunities in Germany and the United Kingdom. TNT has established that a level playing field does not exist at present. Compared to Royal Mail and Deutsche Post, new entrants to the UK and German postal markets are still disadvantaged by the VAT system. Other issues include licensing conditions, anti-competitive regulation of network access and rates, and market obstruction by both national postal companies. These problems do not exist in the Dutch market, which means that competition is already developing rapidly.

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Dutch State not likely to sell TNT stake

Posted by | Nov 10, 2005 | |

The Dutch Government will most probably not sell its stake in Dutch mail and logistics group TNT NV, and would possibly oppose the intended takeover of the company by a private equity investor, Belgian-Dutch Fortis Bank said on November 9. According to Fortis Bank, the State is not very enthusiastic about the sale of TNT’s mail activities to a financial party. It would rather accept a sale of the express and the logistics operations of TNT to a third party, like United Parcel Service Inc. (UPS). Fortis will set the advice for TNT on buy at a share price for the company of 26 euro (USD30.58). TNT’s share closed 10.8 pct higher at 23 euro (USSD27.06) on November 9.

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