TNT N.V.

TNT N.V.

Former type	Naamloze vennootschap
Industry	Transportation, distribution
Fate	Demerged into two companies
Successor(s)	PostNL, TNT Express
Founded	1996 (1946 in Australia as Thomas Nationwide Transport and 1752 in the Netherlands as Statenpost)
Defunct	May 2011
Headquarters	Hoofddorp, Netherlands
Key people	Peter Bakker (CEO), Piet Klaver (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]
Profit	€ 347 million (2010)[1]
Employees	156,128 (2011)[1]
Website	www.tnt.com

Old design Royal TPG Post wall box

TNT N.V., more commonly known as TNT (Euronext: TNTE:NA), is an international express and mail delivery services company with headquarters in Hoofddorp, Netherlands. In the Netherlands, TNT operates the national postal service under the name TNT Post. The group also offers postal services in eight other European countries, including the UK, Germany, Italy and Belgium. TNT's mail division recorded sales of about €4.2 billion in 2009.

The company's express delivery services unit, known as TNT Express, has fully owned operations in 65 countries and delivers documents, parcels and pieces of freight to over 200 countries. TNT's express division recorded sales of about €6.0 billion in 2009.

On 2 August 2010 TNT announced its intention to split up into two independent companies, an express and a mail company.

TNT sold its logistics unit in 2006 to focus on network activities, mail and express delivery services. TNT's networks are concentrated in Europe and Asia, but the group is expanding its operations worldwide, including in the Middle East and South America. In the recent years, it acquired several road freight companies in China, India and Brazil.

TNT employs 155,000 people. Over 2009, TNT reported €10.4 billion in revenues and an operating income of €648 million.

TNT is officially quoted on the Euronext Amsterdam Stock Exchange.

Its major competitors include FedEx, DHL, and national post carriers such as US Postal Service and Royal Mail. TNT aircraft operate under the ICAO code of TAY (TNT Airways).

TNT's chief executive officer is Peter Bakker. Other members of the Board of Management include Bernard Bot (Chief Financial Officer)*, Marie-Christine Lombard (Group Managing Director, Express) and Harry Koorstra (Group Managing Director, Mail).

(*) Acting member until notification of his appointment to the General Meeting of Shareholders.

History

See TNT history^[2] for a more detailed overview.

• 1752 to 1799 – Establishment of Statenpost, which secured a national monopoly. Services were reorganised into a single national enterprise based on the French model.
• 1852 – First postage stamp appeared.
• 1931 – Mechanisation of the postal system.
• 1946 – TNT (Thomas Nationwide Transport) was founded in Australia.
• 1961 – TNT listed on the Sydney Stock Exchange.
• 1977 – Introduction of post codes, which allowed full automation of the postal system.
• 1989 – Dutch post became a private company called PTT Nederland.
• 1992 – TNT was acquired by the Canadian post office and a consortium of European post offices.
• 1994 – Under the name of Royal PTT Nederland (KPN), the company was listed on the Amsterdam Stock Exchange.
• 1996 – KPN makes a friendly takeover of TNT. TNT is delisted from the ASX.
• 1998 – TNT opens its European Express Centre in Liège Airport (Liege, Belgium). The postal division (including TNT) are demerged from KPN and listed separately on the Amsterdam Stock Exchange as TPG (TNT Post Group). An international road hub was opened in Duiven, Netherlands. TPG acquires Jet Services of France and is integrated into TNT's European operations.
• 1999 to 2005 – TPG moves into the logistics market with the acquisition of several international logistics companies.
• 2005 – TPG renames itself to TNT and announces its plan to sell off the majority of its logistics division.
• November 2006 – TNT sells its Logistics division to Appolo Management (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.^[3]
• 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.^[4]
• March 2012 – United Parcel Service (UPS) agreed to buy TNT Express.^[5]

Operating units

TNT post mail box

• TNT Express – operates the largest express network by air and road in Europe, as well as TNT Airways, an international cargo airline. TNT Express employs more than 78,000 people, flies 48 aircraft, runs about 26,000 road vehicles, and has a worldwide network of more than 2,400 depots and hubs.
• TNT Post – A postal operator all over in Europe
  • Koninklijke TNT Post BV – collects, sorts and distributes mail in the Netherlands
  • European Mail Networks – collects, sorts and distributes mail in 8 European countries^[6]
  • Cendris – Value Added Mailservices like customer information, printing, callcenter services
  • Spring (Company) – Joint-venture with Royal Mail and Singapore Post in cross-border mail.
• TNT Business Solutions – offers a range of Business Process Outsourcing services that includes information management, records management, facilities management and supplier management
• TNT Fashion Group – operates delivery services focused on fashion retailers.

2007 UK child benefit data scandal

The 2007 UK child benefit data scandal was a data breach incident in October 2007, when two computer discs owned by Her Majesty's Revenue and Customs containing data relating to child benefit went missing. The incident was announced by the Chancellor of the Exchequer, Alistair Darling, on 20 November 2007. The two discs contained the personal details of all families in the United Kingdom claiming child benefit,^[7] of which takeup in the UK is near 100%.^[8]

The discs were sent by junior staff at HM Revenue and Customs (HMRC) based at Waterview Park in Washington, Tyne and Wear, to the National Audit Office (NAO), as unrecorded internal mail via TNT N.V. on October 18. On October 24 the NAO complained to the HMRC that they had not received the data. On November 8, senior officials in HMRC were informed of the loss, with Chancellor of the Exchequer, Alistair Darling being informed on November 10. On November 20, Darling announced:

It has, however, been reported that TNT may not have received the discs, and that they may have been sent with the Royal Mail or DX Services, with whom HMRC also holds accounts.^[9]

Gay rights

TNT allowed its gay, lesbian, bisexual and transgender employees in 2005 to join together in an employee network called TNT GLBN — representing all GLBT/LGBT employees. So far TNT GLBN has sub chapters in the United Kingdom, Germany and the Netherlands with over 500 registered members worldwide.

See also

Companies portal

• Courier
• Deutsche Post World Net
• DHL Express (competitor)
• Express mail
• FedEx (competitor)
• Freight company
• Koninklijke TNT Post
• United Parcel Service (competitor)

References

External links

Wikimedia Commons has media related to: TNT N.V.

• Official website of TNT Express (demerged from TNT N.V.)
• Official website of PostNL (successor of TNT N.V.)

Profile & data

• Yahoo profile of TNT
• Hoovers' profile