Tag: TNT

Five offers for ETI

Posted by | Dec 20, 2002 | |

While the Italian Treasury has banked a dividend of €46.9m from Ente Tobacchi Italiani, the procedure for the privatisation of the tobacco group continues. Five preliminary offers have been presented: British American Tobacco together with Swedish Match, Altadis-Equinox, Japan Tobacco Imprenditori Associati and Aurelia. The Dutch group TNT and FIT have withdrawn. The bids are being examined by the Treasury and its advisors Goldman Sachs and Grimaldi Clifford Chance. The data room will be opened in January. ETI posted pre-tax profits for 2002 of €92m, compared with €47m in the previous year. Earnings fell by 18 per cent to €677m, mainly due to new cigarette contracts with Philip Morris which accounts for 40 per cent of ETI production.

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Express giants united into commission

Posted by | Dec 12, 2002 | |

Last weekend, the International Express Commission formally announced its birth. There are 12 companies engaging in international express delivery in China joining the Commission.

Among those companies, there are international express giants such as FedEx, DHL, UPS, and TNT. These companies have set up joint ventures with SINOTRANS. Domestic express companies are also joining, such as China Air Express, China Railway Express Transportation, EAS Express, and COSCO Logistics. However, China Post EMS is not in the name list.

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TNT may purchase A considerable quantity of TU-204 planes

Posted by | Dec 11, 2002 | |

According to a reliable ranking source at the Tupolev company, TNT, specializing at transiting mail by air and is among the world’s largest companies in this sphere, may purchase “a considerable quantity of Tu-204-class planes,” produced by the Aviastar-SP Enterprise of Ulyanovsk.

As the source ascertained, “at the moment TNT is using 4 Tu-204 planes, two of them with PS-90A engines produced in Russia and two Tu-204-120 planes, equipped by foreign engines. Liege is a station for 36-38 planes of the TNT airline. Approximately 80% of this fleet should be replaced within the next few years (almost 25 aircraft). TNT is satisfied with Tu-204 planes, equipped both with PS-90A and Rolls Royce engines. From the promising fleet of 25 aircraft, Tu-204 planes of Russia could count on the main part (over 50%) of that quantity.”

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TNT expects strong growth in the UK

Posted by | Dec 10, 2002 | |

TNT Express International UK’s divisional managing director, Stuart Stobie, has said he plans to double the size of the business by 2007.

He added that the company had doubled its profitability in the last three years since the arrival of Alan Jones, the group managing director. In that time, revenue for the UK operation has increased from £128 million to £146 million. TNT has also changed its business mix since 1999 away from less profitable larger accounts to smaller, higher yield customers.

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TNT chief may win top Royal Mail job

Posted by | Dec 4, 2002 | |

The managing director of TNT, the express delivery company, has emerged as a surprise front-runner to take over as Royal Mail chief executive.

Alan Jones joins Adam Crozier, former chief executive of the Football Association, on a shortlist of two for the job.

The Royal Mail is struggling to control heavy losses and plans 30,000 redundancies among its 200,000 staff. Allan Leighton, who changed the name back from Consignia, was appointed chairman in January but has insisted on remaining part-time to cope with nine other directorships.

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