TNT Express
| TNT Express BV
|
|
|---|---|
 |
|
| legal form | BV |
| ISIN | NL0009739424 |
| founding | 2011 |
| Seat |
Hoofddorp , Netherlands
|
| management | Bert Nappier (CEO) |
| Number of employees | 56,199 (2015) |
| sales | 6.918 billion . Euro (2015) |
| Branch | Courier express parcel services |
| Website | www.tnt.com |
TNT Express is a Dutch CEP service provider and a subsidiary of FedEx . The company, based in Hoofddorp in the Netherlands , employs around 56,000 people worldwide. The company has its own organizations in 61 countries and transports documents, parcels and freight to more than 200 countries. The total turnover in 2015 was around 6.9 billion euros . TNT Express NV was listed on the Amsterdam Stock Exchange until July 4, 2016 and was included in the AEX index .
Until the end of May 2011, TNT was one of two divisions of the postal and express service provider TNT NV and has been operating as an independent company since the divisions were separated.
history
In 1946, at the age of 33 and a truck, Ken Thomas founded KW Transport , which initially offered trips between Melbourne and Sydney . In the 1950s, the Australian transport industry was booming, so in 1958 it renamed KW Transport to Thomas Nationwide Transport (TNT). The Australian transport industry also included the Australian company Alltrans , which was founded in 1950 by Peter Abeles and George Rockey . The two companies merged in 1967 and now offered their services under the name TNT .
At the end of 1996 PTT Nederland took over the Australian company TNT. At the beginning of 1998 the PTT postal services were bundled with the TNT express and logistics services under the roof of the TNT Post Group (TPG). The postal service itself operated as PTT Post from 2002 and as TNT Post BV from October 16, 2006 . The group name was changed to TNT NV in 2005 .
TNT Logistics was sold to the US financial investor Apollo Management L.P. on August 23, 2006. sold and later renamed Ceva Logistics .
Split of post and express business
In December 2010, then TNT CEO Peter Bakker announced that preparations were being made to separate the postal and express business into two listed companies. Bakker justified this step with a lack of synergies and different market requirements between the two areas. While the strongly declining mail business has to consolidate in the markets that have already been developed, the express division is experiencing great growth that needs to be expanded. The shareholders' meeting approved this plan at the end of May 2011. On May 26, 2011, TNT was listed on Euronext NYSE , making it an independent company.
The former letter division of TNT has been operating as PostNL in the Netherlands since the separation in 2011 and initially as TNT Post Deutschland until March 2014 , before it was converted into Postcon . The “TNT” brand is reserved for the express division.
Failed takeover by UPS
In February 2012, TNT announced that the American logistics group UPS had made an offer to take over the Dutch express service provider for 9 euros per share - a total of 4.9 billion euros. TNT initially refused. On March 19, the announcement followed that both companies had reached an agreement. TNT should now be sold to UPS for 9.50 euros per share - a total of 5.2 billion euros. In Europe, after the takeover, UPS would have become a competitor on par with DHL .
The planned merger has been examined in detail by the European Commission . In October 2012, she issued a number of objections to the companies, which were based on competition concerns. TNT and UPS then proposed to separate from parts of the company such as the group's own airlines TNT Airways and PanAir by selling them to ASL Aviation Holdings . In January 2013 the European Commission put its final veto under the EU Merger Regulation due to the number of large express and parcel service providers after the takeover in 15 of the then 27 EU member states with only three or two providers. According to the EU Commission, there is not enough competition.
In April of the same year UPS appealed against this decision. However, UPS said it had given up its goal of taking over TNT. As previously contractually agreed, UPS paid TNT € 200 million in compensation for the failure of the takeover. The financial compensation was taken into account in the TNT quarterly report 1/2013.
Takeover by FedEx
On April 7, 2015, the US logistics group FedEx announced that it would take over TNT Express for 4.4 billion euros . This corresponds to a price of EUR 8.00 per share. TNT Express, FedEx and PostNL , the largest single shareholder with a stake of 15 percent, have already agreed on a takeover. On May 25, 2016, FedEx finally took over TNT Express into its own group of companies after examining the competition authorities and purchasing 88.4% of the shares. According to FedEx, TNT will merge with the group from a long-term perspective.
Corporate structure
TNT offers time-sensitive and time-defined express services without size and weight restrictions in the B2B segment for national and international shipping. The company has 3,000 branches and sorting centers around the world. TNT transports shipments by road and air. The former group-owned airline ASL Airlines Belgium , formerly known as TNT Airways , is used for cargo flights . In 2013, the company carried around one million shipments a day. Shipping with TNT Express is not possible for private customers, but delivery is made to private customers.
TNT in Germany
In Germany, TNT is active with around 3,650 employees at around 40 locations. In addition to the 31 locations, these are the headquarters in Troisdorf , the central customs clearance station in Cologne, the customer contact center in Bonn, six air gateways (Nuremberg, Frankfurt, Erfurt, Berlin, Hanover and Munich) and four sorting centers for road freight (Hanover, Nuremberg, Wiesbaden and Korntal-Münchingen). Around 1,800 vehicles are in use every day.
In Germany, TNT Innight GmbH & Co. KG, a specialist in overnight express services, was also active until 2016. It was not part of TNT Express GmbH, but belongs directly to TNT Express NV Amsterdam and has been an independent business unit since 2007. On May 6, 2016, TNT Express announced that its subsidiary TNT Innight will be sold to the SSVP III investment fund. The transaction closed in the third quarter of the year. Since then, the company has been active under the brand name nox NachtExpress and is a part of Innight Express Germany GmbH, which in turn belongs to CAT Cargo Logistics.
Networks
The hub for international air traffic - the so-called European Air Hub - is located at Liège-Bierset Airport in Belgium . The European distribution center for road traffic - the European Road Hub - is located in Duiven near Arnhem in the Netherlands .
Analogous to the European Road Network (ERN), TNT maintains road networks in many regions of the world. The South America Road Network (SARN), for example, covers more than 3,000 kilometers of line connections and connects 30 cities in three South American countries, Chile , Brazil and Colombia . The Asian Road Network (ARN) connects more than 120 cities in Singapore , Malaysia , Thailand , Indochina (Laos, Cambodia, Vietnam) and China and extends for more than 4,000 kilometers.
The international and intra-regional networks are in turn linked to the respective national delivery networks and the global air network via sorting and distribution centers.
Collection & delivery process
In Germany, consignments are mostly picked up by drivers from customers. Customers have the option of either registering the program with TNT by telephone or creating it using various online applications. Collection takes place within 90 minutes of placing the order, six days a week.
Deliveries are also made six days a week between 6.30 in the morning and around 6 in the evening.
Products & Services
TNT offers 3 different product lines:
- National express delivery
- International express and economy express shipping
- Special Services
With national express delivery, delivery to economic centers is possible until 8 a.m., nationwide by 9, 10 or 12 a.m.
With international express delivery, delivery in most countries is the next working day. In some countries, delivery is also possible until 9, 10 or 12 a.m. Internationally there is also the Economy Express product, this type of shipping is more cost-effective than international express shipping and therefore more economical - but the transit time is considerably longer.
There are special products for the various branches of industry such as B. Healthcare, Automotive, Industrial, High Tech and Lifestyle.
Web links
Individual evidence
- ↑ a b c TNT: Annual Report 2015. (PDF) Accessed on January 22, 2017 (English).
- ↑ Julia Ptock: Fedex takes over TNT Express. logistik-watchblog.de, May 25, 2016, accessed on June 1, 2016 .
- ↑ TNT Investors on www.tnt.com , accessed on 10 March 2017
- ↑ www.tnt.com ( Memento from March 28, 2014 in the Internet Archive )
- ↑ www.dnv-online.net
- ↑ www.tnt.de
- ↑ www.dnv-online.net
- ↑ www.tnt.com
- ↑ www.tnt.com
- ↑ Courier service UPS buys TNT. In: FAZ.net . March 19, 2012, accessed December 17, 2014 .
- ↑ boerse.ard.de ( Memento of the original from July 3, 2013 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ www.tnt.com
- ↑ europa.eu
- ↑ www.tnt.com
- ↑ ec.europa.eu
- ↑ www.wallstreetjournal.de
- ↑ www.tagesschau.de ( Memento from January 15, 2013 in the Internet Archive )
- ↑ www.tnt.com
- ↑ Fedex: US logistics company swallows TNT. In: www.handelsblatt.com. Retrieved May 26, 2016 .
- ↑ The integration of FedEx and TNT is going according to plan. In: www.fedex.com. Retrieved June 14, 2018 .
- ↑ FedEx Express and TNT. For even more connections and new possibilities. In: www.fedex.com. Retrieved June 14, 2018 .
- ↑ DVV Media Group GmbH: TNT sells TNT Innight. (No longer available online.) In: DVZ. Formerly in the original ; accessed on May 26, 2016 . ( Page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.
- ↑ Innight Express Germany GmbH: ABOUT US From pioneer to market leader. In: Innight. Accessed March 31, 2019 .
