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 NewsSTB reschedules listening session for CSX service issues AAR reports mixed volumes for week ending September 16 Maersk makes bold bid at differentiation by teaming with CRM giant Federal Maritime Commission to take closer look at “Fair Port Practices” CEMA reports unexpectedly strong gains in 2017 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!
Improving 3PL Management: Glanbia Adds Muscle to Logistics Why Retail Supply Chain Transformations Fail - and how to get it right View More From this Issue