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 NewsFedEx partners with Vecna Robotics as part of automation growth strategy Most recent Freight TSI is strong, says BTS AAR reports strong U.S. carload and intermodal gains for week ending March 17 Gartner’s 2018 Magic Quadrant Names Kuebix as Prominent TMS Player Meet the 2018 Modern Show Daily team 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!
Reverse Logistics in the “Age of Entitlement” Logistics Management’s Viewpoint on E-commerce: Leveraging available tools View More From this Issue