TNT N.V.

TNT N.V.
Former type	Subsidiary
Industry	Transportation, distribution
Fate	Split into two companies
Successor	PostNL, TNT Express
Founded	1998 (1946 in Australia as Thomas Nationwide Transport and 1752 in the Netherlands as Statenpost)
Defunct	2011
Headquarters	Hoofddorp, Netherlands
Key people	(CEO), (Chairman of the supervisory board)
Services	Express, package and post delivery services, charter airline
Revenue	€ 11.329 billion (2010) [1]
Operating income	€ 660 million (2010) [1]
Net income	€ 347 million (2010) [1]
Number of employees	156,128 (2011) [1]
Website	group.tnt.com

Last updated October 01, 2019

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 through its subsidiary Koninklijke TNT Post. The group also offered postal services in eight other European countries, including the United Kingdom, Germany, Italy and Belgium. In May 2011, TNT N.V. split up into two independent companies, TNT Express and PostNL.

Express mail is an expedited mail delivery service for which the customer pays a premium for faster delivery. Express mail is a service for domestic and international mail, and is in most nations governed by the country's own postal administration. Since 1999, the international express delivery services are governed by the EMS Cooperative.

The mail or post is a system for physically transporting postcards, letters, and parcels. A postal service can be private or public, though many governments place restrictions on private systems. Since the mid-19th century, national postal systems have generally been established as a government monopoly, with a fee on the article prepaid. Proof of payment is usually in the form of an adhesive postage stamp, but a postage meter is also used for bulk mailing. Modern private postal systems are distinguished from national postal agencies by the terms "courier" or "delivery service".

Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics is the management of the flow of things between the point of origin and the point of consumption to meet requirements of customers or corporations. The resources managed in logistics may include tangible goods such as materials, equipment, and supplies, as well as food and other consumable items. The logistics of physical items usually involves the integration of information flow, materials handling, production, packaging, inventory, transportation, warehousing, and often security.

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. TNT's last chief executive officer was Peter Bakker. TNT's mail division recorded sales of about €4.2 billion in 2009.

FedEx Corporation is an American multinational courier delivery services company headquartered in Memphis, Tennessee. The name "FedEx" is a syllabic abbreviation of the name of the company's original air division, Federal Express, which was used from 1973 until 2000. The company is known for its overnight shipping service and pioneering a system that could track packages and provide real-time updates on package location, a feature that has now been implemented by most other carrier services.

The Royal Mail is a postal service and courier company in the United Kingdom, originally established in 1516. The company's subsidiary, Royal Mail Group Limited, operates the brands Royal Mail (letters) and Parcelforce Worldwide (parcels). General Logistics Systems, an international logistics company, is a wholly owned subsidiary of Royal Mail Group. For a brief period in the early 2000s, the group used the name Consignia before reverting to its original name.

The chief executive officer (CEO), or just chief executive (CE), is the most senior corporate, executive, or administrative officer in charge of managing an organization – especially an independent legal entity such as a company or nonprofit institution. CEOs lead a range of organizations, including public and private corporations, non-profit organizations and even some government organizations. The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the entity, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, such as reducing poverty, increasing literacy, etc.

Other members of the Board of Management included Bernard Bot (Chief Financial Officer), Marie-Christine Lombard (Group Managing Director, Express) and Harry Koorstra (Group Managing Director, Mail).

Marie-Christine Lombard is a French business executive. She was appointed CEO of Geodis in October 2012. She is also a member of the Supervisory Board of Keolis. Since 2008, she has chaired the Coordinating Committee of Lyon Ville Entrepreneuriat, a network supporting business, start-ups, development and transfers for the Greater Lyon region.

History

Pre-merger TNT Ltd.

1946 – TNT (Thomas Nationwide Transport) was founded in Sydney, Australia by Ken Thomas.
1961 – TNT was listed on the Sydney Stock Exchange.
1979 - TNT, together with News Corporation, acquired Ansett Airways
1992 – TNT co founded GD Express Worldwide (GDEW) with KPN and a few state owned postal companies.
1996 - TNT sold its share of Ansett Airways to Air New Zealand.^[2]
October 1996 – KPN makes a friendly takeover of TNT.
January 1997 - Takeover of TNT completed.^[3] TNT is subsequently delisted from the ASX.
1997-1998 - TNT began to sell a number of businesses not centered around mail and logistics activities.^[3]
1998 - TNT Ltd. merged with KPN's postal division to form TNT Post Group (TPG).

Sydney is the state capital of New South Wales and the most populous city in Australia and Oceania. Located on Australia's east coast, the metropolis surrounds Port Jackson and extends about 70 km (43.5 mi) on its periphery towards the Blue Mountains to the west, Hawkesbury to the north, the Royal National Park to the south and Macarthur to the south-west. Sydney is made up of 658 suburbs, 40 local government areas and 15 contiguous regions. Residents of the city are known as "Sydneysiders". As of June 2017, Sydney's estimated metropolitan population was 5,230,330 and is home to approximately 65% of the state's population.

Australia, officially the Commonwealth of Australia, is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands. It is the largest country in Oceania and the world's sixth-largest country by total area. The neighbouring countries are Papua New Guinea, Indonesia, and East Timor to the north; the Solomon Islands and Vanuatu to the north-east; and New Zealand to the south-east. The population of 26 million is highly urbanised and heavily concentrated on the eastern seaboard. Australia's capital is Canberra, and its largest city is Sydney. The country's other major metropolitan areas are Melbourne, Brisbane, Perth, and Adelaide.

The original incarnation of News Corporation was an American multinational mass media corporation operated and owned by media mogul, Rupert Murdoch, headquartered in New York City. Prior to its split in 2013, it was the world's fourth-largest media group in terms of revenue, and News Corporation had become a media powerhouse since its inception, almost dominating the news, television, film and print industries.

Shortly after the cessation of hostilities of World War II in Asia, Australian Ken Thomas set up Thomas Nationwide Transport, with a single truck in Sydney.^[4]^[5] At the same time, Hungarian immigrant Peter Abeles had formed Alltrans with fellow Hungarian immigrant George Rockey.

World War II, also known as the Second World War, was a global war that lasted from 1939 to 1945. The vast majority of the world's countries—including all the great powers—eventually formed two opposing military alliances: the Allies and the Axis. A state of total war emerged, directly involving more than 100 million people from more than 30 countries. The major participants threw their entire economic, industrial, and scientific capabilities behind the war effort, blurring the distinction between civilian and military resources. World War II was the deadliest conflict in human history, marked by 70 to 85 million fatalities, most of whom were civilians in the Soviet Union and China. It included massacres, the genocide of the Holocaust, strategic bombing, premeditated death from starvation and disease, and the only use of nuclear weapons in war.

Sir Peter Emil Herbert Abeles, AC was an Australian transportation magnate. A refugee from Hungary, he became a businessman in Australia, and was knighted in 1972.

Alltrans was an Australian logistics company. Established in 1950 by Peter Abeles and George Rockey with two second-hand trucks, its first contract was in Broken Hill. In 1966 a 35% share in the business was purchased by William Baird & Co of Scotland.

In 1967, Alltrans merged with Thomas Nationwide Transport, and the combined companies became TNT-Alltrans, operating then in both Australia and New Zealand.^[6] 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".^[7]^[8] In 1968 Kwikasair was purchased.^[9]

New Zealand is a sovereign island country in the southwestern Pacific Ocean. The country geographically comprises two main landmasses—the North Island, and the South Island —and around 600 smaller islands. It has a total land area of 268,000 square kilometres (103,500 sq mi). New Zealand is situated some 2,000 kilometres (1,200 mi) east of Australia across the Tasman Sea and roughly 1,000 kilometres (600 mi) south of the Pacific island areas of New Caledonia, Fiji, and Tonga. Because of its remoteness, it was one of the last lands to be settled by humans. During its long period of isolation, New Zealand developed a distinct biodiversity of animal, fungal, and plant life. The country's varied topography and its sharp mountain peaks, such as the Southern Alps, owe much to the tectonic uplift of land and volcanic eruptions. New Zealand's capital city is Wellington, while its most populous city is Auckland.

Kwikasair was an Australian logistics company. It was established in 1958 taking over the business of Collier Garland. In 1965 it made an unsuccessful bid for East-West Airlines. In 1968 it was purchased by Thomas Nationwide Transport (TNT).

In 1979, TNT and News Corporation acquired Ansett Airways. In 1996 TNT sold its shareholding of Ansett Australia to Air New Zealand for A$475 million, but retained its partial ownership of Ansett Worldwide Aviation Service (AWAS), which was already made a distinct company from the airline.^[2]^[10]

Expanding globally, by the 1980s the focus was on Europe, and TNT became the first transport company to buy its own aircraft^{[ citation needed ]}, creating the first pan European overnight service using a dedicated fleet.

In 1992, the company co founded GD Express Worldwide, owning 50% of the organization, 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.^[11] KPN later bought out the shares held by the state owned postal companies.

Having floated on the Dutch Stock Exchange in 1994/5, KPN bought TNT in a friendly merger in October 1996.^[12] The takeover was completed in January 1997.^[3] Since the takeover, TNT began selling off its businesses not centered around mail and logistics activities, mostly in Australia.^[3] These included Ansett Worldwide Aviation Service (AWAS), TNT Komatsu Forklift business (Forklifts), Port of Geelong and the Sydney Monorail. Port of Geelong was sold to Toll Transport, while Sydney Monorail was sold to CGEA Transport Sydney, majority owned by CGEA Transport. AWAS would later be sold to Morgan Stanley Dean Witter in 2000.^[10]

In June 1998, TNT merged with KPN's postal division form TNT Post Group (TPG).

Pre-merger KPN postal division

1752 to 1799 – Establishment of Statenpost, which secured a national monopoly. Services were reorganised into a single national enterprise based on the French postal system.
1886 - The Dutch postal system and telegraph and telephone services were brought togethery to form Staatsbedrijf der Posterijen, Telegrafie en Telefonie (PTT)^[13]
1989 – PTT is privatised and renamed Koninklijke PTT Nederland, shortened to KPN or PTT Nederland. Remains wholly owned but no longer managed by the Dutch government.^[11]^[13]
1992 – KPN co founded GD Express Worldwide (GDEW) with TNT Ltd. and a few state owned postal companies. KPN later bought out shares owned by the state owned postal companies.
1994 – KPN is listed on the Amsterdam Stock Exchange.
1998 - KPN spun off its postal division is demerged and combined with TNT Ltd. to form TNT Post Group (TPG).

Post-merger

1998 – TNT Post Group (TPG) was formed from the merger of KPN's postal division and TNT Ltd., then listed separately on the Amsterdam Stock Exchange. TPG opens its European Express Centre in Liège Airport (Liege, Belgium). An international road hub is opened in Duiven, Netherlands. TPG acquires Jet Services of France and integrates it with their European operations. TPG continued selling businesses not centered around mail and logistics activities.^[3]
1999 to 2005 – TPG moves into the logistics market with the acquisition of several international logistics companies.
2005 – TPG renames itself to TNT N.V. and announces its plan to sell off the majority of its logistics division.
November 2006 – TNT sells its Logistics division to Apollo Management.^[14] The unit has been renamed CEVA Logistics since then.
December 2006 and May 2007 – TNT takes delivery of its first two Boeing 747-400ERF.
March 2007 – TNT acquires Hoau, China's private freight and parcels delivery firm.^[15]
May 2007 – TNT announces its delisting from the New York Stock Exchange.
August 2007 – TNT announces a program to cut carbon emissions called "Planet Me".
May 2011 – A general meeting confirms a demerger of TNT Express and name change of TNT N.V. to PostNL N.V. ^[16]

TNT sold its logistics unit in November 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.

Operating units

TNT post mail box Postbox-tnt-2006.jpg — TNT post mail box

TNT Express – operated the largest express network by air and road in Europe, as well as TNT Airways, an international cargo airline. TNT Express employed more than 78,000 people, flew 48 aircraft, ran about 26,000 road vehicles, and had a worldwide network of more than 2,400 depots and hubs.
TNT Post – Postal operator all over Europe^[17]
- Koninklijke TNT Post BV – collected, sorted and distributed mail in the Netherlands
- Branded as PostCon in Germany
- Branded as Nexive in Italy
- Branded as Whistl in the United Kingdom
- European Mail Networks – collected, sorted and distributed mail in eight countries in Europe
- Cendris – Value Added Mailservices e.g. customer information, printing, callcenter services
- Spring (Company) – Joint-venture with Royal Mail and Singapore Post in cross border mail.
TNT Business Solutions – offered a range of Business Process Outsourcing services e.g. information management, records management, facilities management and supplier management
TNT Fashion Group – operated delivery services focused on fashion retailers.

Related Research Articles

TNT is trinitrotoluene, an explosive chemical compound.

Ansett Australia was a major Australian airline group, based in Melbourne. The airline flew domestically within Australia and from the 1990s to destinations in Asia. After operating for 65 years, the airline was placed into administration in 2001 following a financial collapse and subsequent organised liquidation in 2002, subject to deed of company arrangement.

The Deutsche Post AG, operating under the trade name Deutsche Post DHL Group, is a German multinational package delivery and supply chain management company headquarter in Bonn, Germany. It is the world's largest courier company. The postal division delivers 61 million letters each day in Germany, making it Europe's largest such company. The Express division (DHL) claims to be present in over 220 countries and territories.

KPN is a Dutch landline and mobile telecommunications company. KPN started as a public telecommunications company and is based in Rotterdam, Netherlands.

Reg Ansett Australian businessman and aviator

Sir Reginald Myles Ansett KBE was an Australian businessman and aviator. He was best known for founding Ansett Transport Industries, which owned one of Australia's two leading domestic airlines between 1957 and 2001. He also established a number of other business enterprises including Ansett Pioneer coachlines, Ansett Freight Express, Ansair coachbuilders, Gateway Hotels, Diner's Club Australia, Biro Bic Australia and the ATV-0 television station in Melbourne and TVQ-0 in Brisbane which later became part of Network Ten. ATI also bought out Avis Rent a Car and had a 49% interest in Associated Securities Limited (ASL). In late 1979, mainly due to the collapse of ASL, Ansett lost control of the company to Peter Abeles of TNT and Rupert Murdoch of News Corporation who became joint managing directors.

TPG may refer to:

Simon Gautier Hannes was an Australian senior executive of Macquarie Bank convicted of insider trading over call options bought prior to the takeover of TNT by the Dutch postal service (KPN) in 1996.

Metro Transport Sydney (MTS) was the owner of the now-demolished Sydney Monorail and the former owner of the Inner West Light Rail in Sydney, New South Wales. Established in 2001, it replaced the Sydney Light Rail Company (SLRC), the previous owner of the light rail, and CGEA Transport Sydney, the previous owner of the monorail. It was bought by the New South Wales Government in 2012. The Metro Transport Sydney brand was discontinued from 1 July 2013, and the SLRC and Metro Transport Sydney were deregistered later that month.

Pos Malaysia Berhad is a postal delivery service in Malaysia, with history dating back to early 1800s.

Pošta Srbije is the national postal service of Serbia, with the headquarters in Belgrade. Public postal service was first introduced in Serbia in 1840. The first stamp was printed in 1866. In 1874 it founded the Universal Postal Union together with 21 other countries.

La Poste (France) SA founded in 2010 to replace La Poste (France)

La Poste is a postal service company in France, operating in Metropolitan France as well as in the five French overseas departments and the overseas collectivity of Saint Pierre and Miquelon. Because of bilateral agreements, La Poste also has the responsibility of mail services in Monaco through La Poste Monaco and in Andorra alongside the Spanish company Correos.

Croatian Post Inc., founded in 1999, is a business corporation in ownership of the Republic of Croatia. Croatian Post is a national postal operator of the Republic of Croatia. Post offices of the Croatian Post form one of the widest services and retail networks in the country. Apart from postal services Croatian Post offers also payment services, retail services and digital TV service in the whole territory of Croatia. Croatian Post is also one of the founders and a full member of the Association of European Public Postal Operators (PostEurop), while Croatia is a member of the Universal Postal Union (UPU). Croatian Post also issues postage stamps of Croatia.

Koninklijke TNT Post BV was the national postal company in the Netherlands, owned by TNT N.V. Until May 2011, it operated under the brand TNT Post and employed 75,000 people.

SNCF Logistics is the division of the SNCF group responsible for freight transportation and logistics. The CEO of SNCF Logistics is Alain Picard

Royal PostNL is a mail, parcel and e-commerce corporation with operations in the Netherlands, Germany, Italy, Belgium, and the United Kingdom. It provides universal delivery in the Netherlands, and is publicly listed at Euronext Amsterdam. The company was known as TNT N.V. until TNT Express demerged from it in May 2011, and the remainder of the company was renamed PostNL.

TNT Express is an international courier delivery services company, now a subsidiary of FedEx, with its headquarters in Hoofddorp, Netherlands. The firm has fully owned operations in sixtyone countries, and delivers documents, parcels and pieces of freight to over two hundred countries. The company recorded sales of €6.91 billion in 2015.

Prime Vision BV is a Dutch company which specializes in systems integration, automation, processing and recognition solutions for the international postal, warehousing, logistics and airport markets.

The company has strong shareholders in PostNL - the national mail delivery company in the Netherlands, and First Dutch Innovations.

Mayne Group was an Australian healthcare and logistics company.

References

1 2 3 4 "Annual Report 2010" (PDF). TNT. Archived from the original (PDF) on 2011-04-09.
1 2 "News Corp 'could have saved Ansett'". Sydney Morning Herald. 19 August 2004. Archived from the original on 27 September 2019. Retrieved 27 September 2009.
1 2 3 4 5 "TNT Annual Report 1998 - Non-core business". TNT. Archived from the original on 13 April 2014. Retrieved 27 September 2019.
↑ "Archived copy". Archived from the original on 21 April 2017. Retrieved 12 April 2017.CS1 maint: archived copy as title (link)
↑ "History of TNT". TNT Express.
↑ Merger of transport groups forms largest Aust company Truck & Bus Transportation June 1967 page 104
↑ Hawke, Bob (29 June 1999). "Transport giant a passionate patriot". The Australian.
↑ Associated Press (29 June 1999). "Peter Abeles, 75, Australian Business Leader". The Associated Press.
↑ Kwikasair business bought by TNT Canberra Times 21 September 1968 page 19
1 2 "A report by Ansett Worldwide" (PDF). Morgan Stanley. 2004. Archived from the original (PDF) on 9 November 2005. Retrieved 27 September 2019.
1 2 "TPG N.V. History". Funding Universe. Archived from the original on 23 February 2017. Retrieved 27 September 2019.
↑ "KPN's Takeover Offer For TNT Is Welcomed". www.wsj.com. 3 October 1996. Archived from the original on 14 June 2018. Retrieved 14 June 2018.
1 2 "Onze Geschiedenis". KPN (in Dutch). Archived from the original on 31 May 2019.
↑ "TNT reaches agreement to sell its logistics division to Apollo Management, L.P." 23 August 2006. Archived from the original on 2 March 2019. Retrieved 27 September 2009.
↑ "TNT acquired Hoau". 2007-03-15. Retrieved 2011-10-03.
↑ "TNT Shareholders approve demerger other results Meetings of Shareholders". 2011-05-25. Archived from the original on 2012-03-10. Retrieved 2011-05-26.
↑ "Royal Mail's challenger, TNT Post UK, to rebrand as "whistl"". Post & Parcel. Bourne End, England. 14 September 2014. Retrieved 19 September 2014.

External links

Profile & data

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[AR2010-1] 1 2 3 4 "Annual Report 2010" (PDF). TNT. Archived from the original (PDF) on 2011-04-09.

[ansett-2] 1 2 "News Corp 'could have saved Ansett'". Sydney Morning Herald. 19 August 2004. Archived from the original on 27 September 2019. Retrieved 27 September 2009.

[tntreport1998-3] 1 2 3 4 5 "TNT Annual Report 1998 - Non-core business". TNT. Archived from the original on 13 April 2014. Retrieved 27 September 2019.

[4] "Archived copy". Archived from the original on 21 April 2017. Retrieved 12 April 2017.CS1 maint: archived copy as title (link)

[Explain_abbreviation_TNT-5] "History of TNT". TNT Express.

[6] Merger of transport groups forms largest Aust company Truck & Bus Transportation June 1967 page 104

[The_Australian-7] Hawke, Bob (29 June 1999). "Transport giant a passionate patriot". The Australian.

[8] Associated Press (29 June 1999). "Peter Abeles, 75, Australian Business Leader". The Associated Press.

[9] Kwikasair business bought by TNT Canberra Times 21 September 1968 page 19

[awas-10] 1 2 "A report by Ansett Worldwide" (PDF). Morgan Stanley. 2004. Archived from the original (PDF) on 9 November 2005. Retrieved 27 September 2019.

[kpn-11] 1 2 "TPG N.V. History". Funding Universe. Archived from the original on 23 February 2017. Retrieved 27 September 2019.

[12] "KPN's Takeover Offer For TNT Is Welcomed". www.wsj.com. 3 October 1996. Archived from the original on 14 June 2018. Retrieved 14 June 2018.

[kpnhistory-13] 1 2 "Onze Geschiedenis". KPN (in Dutch). Archived from the original on 31 May 2019.

[14] "TNT reaches agreement to sell its logistics division to Apollo Management, L.P." 23 August 2006. Archived from the original on 2 March 2019. Retrieved 27 September 2009.

[Hoau-15] "TNT acquired Hoau". 2007-03-15. Retrieved 2011-10-03.

[GM2011-16] "TNT Shareholders approve demerger other results Meetings of Shareholders". 2011-05-25. Archived from the original on 2012-03-10. Retrieved 2011-05-26.

[17] "Royal Mail's challenger, TNT Post UK, to rebrand as "whistl"". Post & Parcel. Bourne End, England. 14 September 2014. Retrieved 19 September 2014.