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, Haarlemmermeer, North Holland, 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 €6.68 billion (2014)[1]
Website www.tnt.com

TNT Express N.V. (TNT for short), is an international courier delivery services company with headquarters in Hoofddorp, Netherlands. The firm has fully owned operations in 61 countries and delivers documents, parcels and pieces of freight to over 200 countries. The company recorded sales of €6.68 billion in 2014. Its major competitors include United Parcel Service (UPS), FedEx and DHL. TNT operates its own cargo airline, TNT Airways.

History[edit]

Shortly after the cessation of hostilities of World War 2 in Asia, Australian Ken Thomas set up Thomas Nationwide Transport with a single truck.[2] At the same time, Hungarian immigrant Peter Abeles had formed Alltrans with fellow Hungarian immigrant George Rockey. In 1967, Alltrans merged with Thomas Nationwide Transport, and the combined companies became TNT Ltd., operating then in both Australia and New Zealand. Under Abeles' guidance as managing director, TNT quickly expanded, and by the 1980s had established a presence in 180 countries and was termed "the second biggest transport empire in the world, operating by road, rail, sea and air".[3][4]

Expanding globally, by the 1980s the focus was on Europe, and it resultantly became the first transport company to buy its own aircraft, creating the first pan-European overnight service using a dedicated fleet. In 1992 the company co-founded GD Express Worldwide, owning 50% of the organisation, with the other 50% of shares held between partners KPN (Dutch telecoms and postal company) and the state-owned postal companies of Canada, France, West Germany and Sweden. Having floated on the Dutch Stock Exchange in 1994/5, KPN bought TNT in a friendly merger in 1996. This post and parcels focused group then demerged from the telecoms business in 1998, to form TNT N.V.

TNT Express was demerged from its parent company on 26 May 2011, taking a listing on the Euronext Amsterdam Stock Exchange.[5] TNT N.V. subsequently renamed itself PostNL. On March 19, 2012, UPS announced its intention to acquire TNT Express for $6.7 billion.[6] 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.[7]

In April 2015, FedEx announced its agreed intention to buy rival firm TNT Express for €4.4bn ($4.8bn; £3.2bn), as it looks to expand its operations in Europe.[8]

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 Asia-Pacific region, the Americas, the Middle East, and Africa.

In June 2014 TNT conducted a rail-freight trial assessing improving support to UK businesses and cutting carbon emissions.[9]

References[edit]

  1. ^ "Annual Report 2014" (PDF). TNT Express. Retrieved 17 February 2015. 
  2. ^ "History of TNT". TNT Express. 
  3. ^ Hawke, Bob (29 June 1999). "Transport giant a passionate patriot". The Australian. 
  4. ^ Associated Press (29 June 1999). "Peter Abeles, 75, Australian Business Leader". The Associated Press. 
  5. ^ Steinglass, Matt (26 May 2011). "TNT Express to focus on emerging markets". Financial Times. Retrieved 26 May 2011. 
  6. ^ "UPS agrees to buy TNT Express for $6.7B". USA Today. 19 March 2012. Retrieved 19 March 2012. 
  7. ^ "Major Express Freight and Logistics Merger Torpedoed by European Commission". Handy Shipping Guide. Retrieved 15 January 2013. 
  8. ^ "FedEx to buy rival TNT Express for €4.4bn". BBC News. 7 April 2015. 
  9. ^ Rail Trial Could Lead to Better Support to UK Businesses and Cut Carbon Emissions

External links[edit]