TNT Express
International package delivery company owned by FedEx
From Wikipedia, the free encyclopedia
TNT Express is an international courier delivery services company with its headquarters in Hoofddorp, Netherlands. It was acquired by FedEx.
| |
 TNT Express headquarters | |
| Industry | Transportation |
|---|---|
| Predecessor | TNT NV |
| Founded | 26 May 2011 |
| Headquarters | , Netherlands |
Area served | Worldwide |
Key people | Karen Reddington (CEO) |
| Services | Express Delivery Logistics Services |
| Revenue | €15.6 billion (2020) |
| Owner | FedEx |
| Parent | FedEx (since 2016) |
| Website | tnt |
History
The namesake Thomas Nationwide Transport company was originally established in 1946 with a single truck in Adelaide, South Australia.
On 26 May 2011, TNT Express separated from its parent company, TNT NV, being listed on the Euronext Amsterdam.[1] TNT NV subsequently renamed itself PostNL.
In March 2012, UPS announced its intention to acquire TNT Express for US$6.7 billion.[2] However, the deal fell through in January 2013, after it was announced that UPS had failed to obtain permission from the European Commission, and as such, had been blocked on competition grounds.[3]
In April 2015, FedEx announced its agreed intention to buy TNT Express for €4.4 billion, as it looked to expand its operations in Europe.[4] The European Commission launched an investigation into the planned acquisition[5] and on 8 January 2016, approved the deal. The transaction was completed on 25 May 2016.[6][7]
In June 2017, TNT Express was badly affected by the NotPetya cyber attack, partly because some operations and communication systems were based in Ukraine, where the cyber attack originated.[8] TNT had to operate using manual processes for months creating very large backlogs. Some records were entirely lost.[9]
Operations
TNT offered road and air delivery services in Europe, the Asia Pacific region, the Americas, the Middle East, and Africa.[citation needed] In June 2014, TNT conducted a rail freight trial assessing improving support to businesses in the United Kingdom, and cutting carbon emissions.[10]
