Europe deal for TNT
p. 29 · Read in the full issue
PACIFIC countries will soon have a fast connection to all major desti nations in Europe, with TNT Ltd’s expansion into that region recently.
A leading courier along with DHL in the Pacific Islands, TNT is taking over express freight deliveries in 10
European countries.
It follows only months after TNT entered into a joint network deal with five European post office agencies - Sweden, France, Germany, Nether lands and Canada — enabling TNT Express Worldwide to establish as a dominant courier between Pacific, Asia and Europe.
TNT’s launch into Europe co incides with declining business levels in the Pacific region. In February the company posted a SA51.05 (SUS38.2 mil) interim loss.
TNT deputy chairman Sir Peter Abeles said until the acquisition his group hc*d a strong international business in France but did not have a domestic presence in that country
“despite being Europe’s leading dom
estic operator with strong and highly profitable operations in other key economies of Italy, Britain, Germany
and Spain”.
Sir Peter said the European oper ations of TNT will halve their exten sive losses this financial year. □