TNT Express

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

TNT Express
IndustryCourier
PredecessorTNT NV
Founded26 May 2011; 9 years ago (26 May 2011)
Headquarters,
Netherlands
Key people
Bert Nappier (CEO)
ServicesExpress and freight delivery services
Revenue€6.91 billion (2015)
ParentFedEx
Websitewww.tnt.com

TNT Express is an international courier delivery services company. It is a subsidiary of FedEx, with its headquarters in Hoofddorp, Netherlands.

History[edit]

TNT Express truck in Plymouth, England in February 2010

On 26 May 2011, TNT Express separated from its parent company, TNT NV, being listing on the Euronext Amsterdam.[1] TNT NV subsequently renamed itself PostNL.

In March 2012, UPS announced its intention to acquire TNT Express for $6.7 billion.[2] 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.[3]

In April 2015, FedEx announced its agreed intention to buy TNT Express for 4.4billion, as it looked to expand its operations in Europe.[4] The European Commission launched a further investigation into the planned acquisition.[5] On 8 January 2016, the European Commission approved the deal, and it was completed on 25 May 2016.[6][7]

In August 2017, TNT Express was badly affected by the NotPetya cyber attack, partly because some operations and communication systems are based in Ukraine, where the cyber attack originated. TNT Express had to operate using manual processes for a considerable period creating very large backlogs. Some records were entirely lost.[8]

Operations[edit]

TNT offers road and air delivery services in Europe, the region of the Asia Pacific, the Americas, the Middle East, and Africa. In June 2014, TNT conducted a rail freight trial assessing improving support to businesses in the United Kingdom, and cutting carbon emissions.[9]

References[edit]

  1. ^ Steinglass, Matt (26 May 2011). "TNT Express to focus on emerging markets". Financial Times. Retrieved 26 May 2011.
  2. ^ "UPS agrees to buy TNT Express for $6.7B". USA Today. 19 March 2012. Retrieved 19 March 2012.
  3. ^ "Major Express Freight and Logistics Merger Torpedoed by European Commission". Handy Shipping Guide. Retrieved 15 January 2013.
  4. ^ "FedEx to buy rival TNT Express for €4.4bn". BBC News. 7 April 2015.
  5. ^ "Mergers: Commission opens in-depth investigation into proposed acquisition of TNT by FedEx". European Commission. 31 July 2015. Retrieved 8 September 2015.
  6. ^ "EU set to greenlight FedEx/TNT Express tieup". AFP. 21 October 2015. Archived from the original on 22 October 2015. Retrieved 23 October 2015.
  7. ^ Berman, Jeff (2 November 2015). "Acceptance period for FedEx-TNT deal extended into January". Logistics Management. Retrieved 2 November 2015.
  8. ^ Baraniuk, Chris (9 August 2017). "Customers 'furious' with TNT after cyber-attack meltdown". BBC News. Retrieved 9 August 2017.
  9. ^ Rail Trial Could Lead to Better Support to UK Businesses and Cut Carbon Emissions

External links[edit]