Tag: TNT

TNT sustains leadership in Dow Jones Sustainability Indexes

Posted by | Sep 4, 2008 | |

TNT reached the highest score included in the Dow Jones Sustainability Indexes (DJSI) for the industrial transportation sector and the sector ‘industrial goods and services for the second year in a row. These are the conclusions of a report published today in Zurich by SAM, which assessed the sustainability reporting and performance of over 1,100 companies. TNT reached the overall score of 92 pct out of a possible 100 pct. In addition, TNT got the highest score in each of the three dimensions (Economic, Environmental, and Social) that make up the index.
TNT achieved the best scores (100 pct) in the following areas: customer relationship management, fuel efficiency, codes of conduct/compliance, and risk and crisis management.

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DHL Romania offers highest growth opportunities after Cargus integration

Posted by | Sep 3, 2008 | |

After more than two years of talks over the acquisition of Cargus, DHL Romania will begin to make joint decisions on behalf of both companies.

According to estimates, DHL and Cargus will operate an over 80 million-euro business together, double the business volume of the players behind them (Fan Courier and TNT), based on the budgets announced by the companies at the beginning of the year.

On the other hand, Cargus had a gentlemen’s agreement with the owners, negotiating the sale exclusively with DHL. Cargus, one of the leading domestic courier companies was worth 50 million euros at the time of the deal, according to sources on the market, a value its officials did not confirm. The sale-purchase contract included a number of conditions such as dropping Cargus’ partnership with GeoPost and keeping the Cargus brand. As Sharp explained, working out the final details was actually the most difficult moment of the negotiations.

The two companies are now awaiting the approval of the Competition Council and have already set their first joint budget – an increase of 30 pct in 2009. In addition, management consultant Baron & Associates has been hired to help integrate Cargus.

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UPS to build new Asia hub

Posted by | Sep 2, 2008 | |

The US express service provider United Parcel Service is investing USD 125 million in a new intercontinental airfreight hub in Shanghai (China). The approximately 100,000 sqm facility is scheduled to go into service in November. Over and above this, the CEP service provider wants to start construction work on a USD 180 million hub in Shenzhen (China) for intra Asian flights. This platform should be finished by 2010 and replace UPS’ existing facility in the Philippines. UPS anticipates that it will generate 40 pct of its sales in international traffic in 2010. At present the figure is 25–30 pct. UPS has also announced that it is acquiring a logistics company in China, but it is still remaining tight-lipped about the rumours concerning its supposed USD 20 billion offer for TNT, Europe’s second largest CEP service provider.

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Integrators change course as clients go for ocean transport

Posted by | Sep 1, 2008 | |

This summer, FedEx opened two new gateways on the US West Coast for traffic entering its home market from Asia by ocean vessel. The integrator’s trade networks unit created gateway offices at the ports of Seattle and Oakland for traffic that moves in consolidations to the US and after breakdown is fed into the domestic FedEx network.

The focus on waterborne traffic is indicative not only of the weakness of the US economy and the impact of high oil prices on supply chain costs and strategies, it also shows a change in strategic thinking at FedEx.

Fred Smith said that FedEx was reviewing its strategy in order to position itself better to deal with an expected change in the way how its clientele was doing business. He outlined a new situation, where reliance on aircraft for shorter hauls is diminishing further. Increasingly, customers are cutting back on premium services.

The integrators remain bullish about their international express package business, particularly in Asia. FedEx and UPS are due to open their new Asian hubs in Guangzhou and Shanghai respectively this year.

Elsewhere in Asia, UPS bought out Korea Express’s share in their joint venture to assume full control of its express business in Korea.

According to some unconfirmed reports, FedEx is about to take a giant leap to boost its strength in the market, particularly on intra-European and Asia-Europe trade lanes. The integrator is allegedly seeking to acquire TNT. Both sides declined to comment on what they described as “speculation”.

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TNT Post increase presence in the North-West of England

Posted by | Aug 28, 2008 | |

TNT Post announced the investment of a further GBP 1m in the north-west of England.

Whilst a revamp of sorting operations by Royal Mail in the north-west threaten to spark industrial action by postal workers, TNT Post is preparing to increase its presence in the area with a further 50 vehicles before the end of this year. TNT Post is expected to handle twice as much mail this year as last, and pressure on Royal Mail to retain and win back business has never been higher. With its monopoly status already eroded by an EU-driven plan to break the back of state-owned postal services, Royal Mail urgently needs to simplify and restructure sorting. Its immediate plans are to set up a central hub in Warrington which could see sorting centres in Liverpool, Crewe, and other locations in the area, shut for good.

TNT hopes to increase revenue in the area by GBP 33m and is already trialling postal deliveries on foot in Liverpool, reason perhaps why Royal Mail is concentrating its efforts on steamlining its operations in the north-west. Royal Mail said that changes to its distribution network were on an ongoing basis and were being phased according to need and not based on a grand master plan to strip out mail centres universally.

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