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TNT Express
International package delivery company owned by FedEx
International package delivery company owned by FedEx
| Field | Value |
|---|---|
| name | TNT Express Worldwide NV |
| logo | TNT Express Logo.svg |
| image | TNT Express headquarters.jpg |
| image_caption | TNT Express headquarters |
| predecessor | TNT NV |
| founded | |
| location_city | Hoofddorp |
| location_country | Netherlands |
| area_served | Worldwide |
| key_people | Karen Reddington (CEO) |
| industry | Transportation |
| services | Express Delivery |
| owner | FedEx |
| revenue | |
| revenue_year | 2020 |
| parent | FedEx (since 2016) |
| homepage |
the courier company TNT from 2011 until 2021
Logistics Services TNT Express is an international courier delivery services company with its headquarters in Hoofddorp, Netherlands. It was acquired by FedEx.
History
The namesake Thomas Nationwide Transport company was originally established in 1946 with a single truck in Adelaide, South Australia.
On 26 May 2011, TNT Express separated from its parent company, TNT NV, being listed on the Euronext Amsterdam. TNT NV subsequently renamed itself PostNL.
In March 2012, UPS announced its intention to acquire TNT Express for . 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.
In April 2015, FedEx announced its agreed intention to buy TNT Express for , as it looked to expand its operations in Europe. The European Commission launched an investigation into the planned acquisition and on 8 January 2016, approved the deal. The transaction was completed on 25 May 2016.
In June 2017, TNT Express was badly affected by the NotPetya cyber attack, partly because some operations and communication systems were based in Ukraine, where the cyber attack originated. TNT had to operate using manual processes for months creating very large backlogs. Some records were entirely lost.
Operations
TNT offered road and air delivery services 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 businesses in the United Kingdom, and cutting carbon emissions.
References
References
- Steinglass, Matt. (26 May 2011). "TNT Express to focus on emerging markets". [[Financial Times]].
- (19 March 2012). "UPS agrees to buy TNT Express for $6.7B". USA Today.
- "Major Express Freight and Logistics Merger Torpedoed by European Commission". Handy Shipping Guide.
- (7 April 2015). "FedEx to buy rival TNT Express for €4.4bn". BBC News.
- European Commission. (31 July 2015). "Mergers: Commission opens in-depth investigation into proposed acquisition of TNT by FedEx". European Commission.
- (21 October 2015). "EU set to greenlight FedEx/TNT Express tieup".
- Berman, Jeff. (2 November 2015). "Acceptance period for FedEx-TNT deal extended into January". Logistics Management.
- (2017-09-20). "NotPetya cyber-attack cost TNT at least $300m". BBC News.
- Baraniuk, Chris. (9 August 2017). "Customers 'furious' with TNT after cyber-attack meltdown". BBC News.
- TNT Express. "Rail Trial Could Lead to Better Support to UK Businesses and Cut Carbon Emissions".
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