Tag: TNT

Dutch TNT Reiterates 2005 Outlook

Posted by | May 30, 2005 | |

TNT NV, former TPG NV, has reiterated the earlier announced outlook for the company’s performance in 2005 at a press conference held on May 30, 2005.
TNT expects a one-digit year-on-year increase in turnover of its Express unit in 2005. The Post and Logistics units are expected to report unchanged year-on-year results for 2005. Chief executive officer (CEO) of TNT, Peter Bakker said he had confidence in achieving the targets set for 2005. According to the CEO, TNT will announce a number of cooperation agreements with Chinese companies in 2005. TNT continues looking for strategic options within Europe, Bakker concluded.

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Top appointment by TNT in Kuwait

Posted by | May 9, 2005 | |

Leading executive Richard Clayton has taken the reins of TNT in Kuwait.

It marks a return to the Gulf for Clayton who has served as general manager of Kuwait and Bahrain operations before.

Clayton says: ‘The key focus for this year is to further develop our core business here in Kuwait and to expand on the Middle Eastern Road Network we set up last year. This is proving to be a great success and offers considerable opportunity for further expansion.’

Clayton takes up his position in Kuwait at a particularly exciting time for the Dutch-owned integrator in the Middle East. TNT recently announced it is recording year-on-year revenue growth of more than 25 per cent in the region.

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Dutch TNT may pick up Indian Gati

Posted by | May 4, 2005 | |

The courier and express cargo industry in India is slated to go through a phase of consolidation. Last year, DHL Express India acquired Blue Dart and the industry is now rife with the speculation of another big-ticket acquisition.
This time, the target is learnt to be Secunderabad-based express cargo major Gati and the company eyeing it is Dutch express cargo and logistics major TNT.
TNT already operates in India, though its presence its currently limited. Gati’s acquisition will give the MNC a pan-India presence. While TNT India refused to confirm the move and described it as a rumour, Gati is in closed period and refused to comment. However, sources say that the two companies are in active negotiations.

TNT already has a limited presence in India and the acquisition of Gati will give it a pan-India presence.

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Plan for TNT parcel depots change

Posted by | May 4, 2005 | |

Parcel delivery company TNT has announced plans to restructure its depots at East Midlands Airport and move some staff further afield. TNT is consulting with workers to move its international logistics section at EMA and give the space in the building to its air-hub operation. But the company has no plans to lose any of the 50 staff based at EMA. A spokeswoman said it was hoped they would all be given jobs either at Leicester or Nottingham depots, both of which currently offer only domestic services.

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TNT profits increase 3.8 percent in first quarter

Posted by | May 4, 2005 | |

TNT’s first quarter earnings from operations are up by 5.5 percent with mail showing strong margins and lower declines in direct mail volumes. EMN is growing in line with expectations. The express sector has continued margin improvements while the logistics sector faces a difficult environment in France.

Earnings per share up by 8.7 percent with profit attributable to the share holders up by 3.8 percent. Also the cancellation of 20.7 million outstanding shares.

CEO Peter Bakker says “In Mail and Express, we made a good start to the year. Mail division recorded a strong operating margin, with the Cost Flexibility program continuing to drive efficiency. For the first time, we gained more addressed volume abroad than we lost in the Netherlands. Express revenues grew double digit and operating income was up almost 50 percent, reaching another quarterly margin record.”

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