TNT N.V.


TNT N.V.


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Description

TNT N.V. was an international express, mail delivery and logistics services company with headquarters in Hoofddorp, Netherlands. TNT operated the Dutch national postal service under the name TNT Post. The group also offered postal services in eight other European countries, including the UK, Germany, Italy and Belgium. TNT's mail division recorded sales of about €4.2 billion in 2009.TNT sold its logistics unit in 2006 to focus on network activities, mail and express delivery services. TNT's networks were concentrated in Europe and Asia, but the group also had operations in the Middle East and South America, and several road freight companies in China, India and Brazil.On 2 August 2010, TNT N.V. announced its intention to split up into two independent companies, an express and a mail company. The demerger became effective in May 2011: TNT Express was listed on the Amsterdam stock exchange, and TNT N.V. subsequently renamed itself PostNL. TNT N.V. was officially quoted on the Euronext Amsterdam Stock Exchange until May 2011.TNT employed 155,000 people. Over 2009, TNT reported €10.4 billion in revenues and an operating income of €648 million. Its major competitors included FedEx, DHL, and national post carriers such as US Postal Service and Royal Mail.

Company Rating

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