TNT has said that it is in talks with the Georg von Holtzbrinck publishing group on forming a possible distribution partnership. TNT said that despite the absence of a level playing field in the German postal market, it remains keen on strengthening its position as a key alternative provider of mail services in Germany. TNT Post has been operating on the German postal market for almost ten years. … [Read more...] about TNT Post Germany in talks with publisher
Courier & Mail
TNT reports 58% slide in Q1 net profit
Netherlands-based TNT has reported a 58 per cent fall in first-quarter net profit on the back of shrinking volumes at its express and mail units, saying the situation was expected to continue through the rest of 2009. TNT chief executive Peter Bakker said trading conditions in the first quarter "continued the trend we saw at the end of 2008 and the beginning of this year", adding that these are "to persist through the rest of the year". Net profit fell to €76 million from € 179 … [Read more...] about TNT reports 58% slide in Q1 net profit
Cargo drop stabilised but Swine flu new threat
A stabilisation of global inventory levels has helped stabilise air freight demand and halted the freefall according to the International Air Transport Association (IATA) as it warned that concerns over a swine flu pandemic could have a significant impact on air traffic. IATA's latest statistics show that air cargo demand has "moved sideways" in the -21 to -24 per cent range since its plunge from -7.9 to -23.2 per cent between October last year and January 2009. Freight demand in March was … [Read more...] about Cargo drop stabilised but Swine flu new threat
China throws up barrier to int’l express carriers
A new Chinese postal law may make life difficult for international express carriers operating in China to expand their business. The Chinese government on enacted a new postal law on 24 April that bars foreign companies from delivering domestic express letters. Without access to this segment it may be difficult to operate international express business in the country according to the Brussels-based Global Express Association, who called the move by China "protectionist". The market for express … [Read more...] about China throws up barrier to int’l express carriers
China throws up barrier to int'l express carriers
A new Chinese postal law may make life difficult for international express carriers operating in China to expand their business. The Chinese government on enacted a new postal law on 24 April that bars foreign companies from delivering domestic express letters. Without access to this segment it may be difficult to operate international express business in the country according to the Brussels-based Global Express Association, who called the move by China "protectionist". The market for express … [Read more...] about China throws up barrier to int'l express carriers
TNT to acquire Brazilian delivery partner
TNT has announced the signing of an agreement to acquire Expresso Araçatuba Transportes e LogÃÂstica S.A., a key delivery partner of TNT Mercúrio in Brazil's Central West and North regions since 2001. TNT will acquire 100 per cent control of the company with effect from the closing date of the €54 million transaction which is expected by early May, it said in a statement. "This acquisition is a logical next step to building a pan-Brazilian network. On top of strengthening … [Read more...] about TNT to acquire Brazilian delivery partner