Is TNT selling its mail business?
Various media reports are indicating that TNT, a Netherlands-based provider of mail and courier services and the fourth-largest global parcel operator, is considering...
in the NewsSalonCentric: One Beautiful Network Q4 2017 Rail/Intermodal Roundtable: Improvements apparent; work remains The State of the DC Voice Market 2017 Admiral of the Ocean Sea Awards Ceremony Champions The Jones Act CSX provides update on Southeastern U.S. intermodal service More News
Various media reports are indicating that TNT, a Netherlands-based provider of mail and courier services and the fourth-largest global parcel operator, is considering spinning off its mail business. While there is nothing concrete on what the next steps would be, a Financial Times report quoted TNT CEO Peter Bakker as saying the spin-off could be completed this year, but he declined to comment on how long TNT would take to make a definitive decision on the fate of the business. Bakker also stated that talks on partnerships with rival postal companies have yet to start. While talk of a potential TNT sale has surfaced every so often over the years, J.P. Morgan analyst Tom Wadewitz added that caution needs to be exercised about reading this event as a certainty. However, he did point out that a long-term combination of TNT Express with UPS or FedEx does make sense considering the geographic strengths and weaknesses of each company.
Subscribe to Logistics Management Magazine!Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!
Q4 2017 Rail/Intermodal Roundtable: Improvements apparent; work remains LM Viewpoint: Collaboration, Now more than ever View More From this Issue