TNT Express

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TNT
Naamloze vennootschap
Traded as EuronextTNTE
Industry Courier
Predecessor TNT N.V.
Founded 26 May 2011 as a standalone company. 1946 in Australia as Thomas Nationwide Transport
Headquarters Hoofddorp, Netherlands
Key people
Tex Gunning (CEO), Maarten de Vries (CFO), Antony Burgmans (Chairman of the supervisory board)
Services Express and freight delivery services, charter airline
Revenue €6.693 billion (2013)[1]
Website www.tnt.com

TNT, previously TNT Express, is an international courier delivery services company with headquarters in Hoofddorp, Netherlands. The firm has fully owned operations in 63 countries and delivers documents, parcels and pieces of freight to over 200 countries. The company recorded sales of over €6.69 billion in 2013. Its major competitors include United Parcel Service (UPS), FedEx and DHL. TNT operates its own cargo airline, TNT Airways.

The name TNT is short for Thomas Nationwide Transport, after Ken Thomas, an Australian businessman who, in 1946, set up his own transport business with just a single truck.[2]

History[edit]

Formerly an operating division of TNT N.V., TNT Express was demerged from its parent company on 26 May 2011, taking a listing on the Euronext Amsterdam Stock Exchange.[3] TNT N.V. subsequently renamed itself PostNL.

On March 19, 2012, UPS announced its intention to acquire TNT Express for $6.7 billion.[4] However, the deal fell through in January 2013 after it was announced that UPS had failed to obtain permission from the European Commission and as such had been blocked on competition grounds.[5]

Operations[edit]

Fairchild Metro III operated by Australian cargo airline Pel-Air in TNT colours

The company operates road and air transportation networks in Europe, the Middle East and Africa, Asia-Pacific and the Americas. In 2014, TNT lead a rail freight trial with the vision of providing better support to UK businesses and cut carbon emissions. [6]

References[edit]

  1. ^ "Annual Report 2013". TNT Express. Retrieved 18 February 2014. 
  2. ^ "History of TNT". TNT Express. 
  3. ^ Steinglass, Matt (26 May 2011). "TNT Express to focus on emerging markets". Financial Times. Retrieved 26 May 2011. 
  4. ^ "UPS agrees to buy TNT Express for $6.7B". USA Today. 19 March 2012. Retrieved 19 March 2012. 
  5. ^ "Major Express Freight and Logistics Merger Torpedoed by European Commission". Handy Shipping Guide. Retrieved 15 January 2013. 
  6. ^ http://www.tnt.com/express/en_gb/data/news_2014/rail_trial_couldleadtobettersupporttoukbusinessesandcutcarbonemi.html

External links[edit]