TNT Express explained
TNT Express was an international courier delivery services company with its headquarters in Hoofddorp, Netherlands. It was acquired by FedEx.
History
The namesake Thomas Nationwide Transport grandfather company was originally started 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 .[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, 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. In June 2014, TNT conducted a rail freight trial assessing improving support to businesses in the United Kingdom, and cutting carbon emissions.[10]
Notes and References
- News: Steinglass . Matt . 26 May 2011 . TNT Express to focus on emerging markets . . live . 26 May 2011 . https://web.archive.org/web/20110528051536/http://www.ft.com/cms/s/0/a430533c-87be-11e0-a6de-00144feabdc0.html . 28 May 2011.
- Web site: 19 March 2012 . UPS agrees to buy TNT Express for $6.7B . dead . https://web.archive.org/web/20120320002949/https://www.usatoday.com/money/companies/story/2012-03-19/ups-tnt-express/53635274/1 . 20 March 2012 . 19 March 2012 . USA Today.
- Web site: Major Express Freight and Logistics Merger Torpedoed by European Commission . live . https://web.archive.org/web/20130130103131/http://www.handyshippingguide.com/shipping-news/major-express-freight-and-logistics-merger-torpedoed-by-european-commission_4284 . 30 January 2013 . 15 January 2013 . Handy Shipping Guide.
- News: 7 April 2015 . FedEx to buy rival TNT Express for €4.4bn . BBC News . live . 21 July 2018 . https://web.archive.org/web/20200712025200/https://www.bbc.co.uk/news/business-32200600 . 12 July 2020.
- Mergers: Commission opens in-depth investigation into proposed acquisition of TNT by FedEx . 31 July 2015 . European Commission . Brussels, Belgium . 8 September 2015 . live . https://web.archive.org/web/20150916225725/http://europa.eu/rapid/press-release_IP-15-5463_en.htm . 16 September 2015 . European Commission.
- News: 21 October 2015 . EU set to greenlight FedEx/TNT Express tieup . AFP . dead . 23 October 2015 . https://web.archive.org/web/20151022102339/http://www.afp.com/en/news/eu-set-greenlight-fedextnt-express-tieup . 22 October 2015 . dmy-all.
- News: Berman . Jeff . 2 November 2015 . Acceptance period for FedEx-TNT deal extended into January . Logistics Management . live . 2 November 2015 . https://web.archive.org/web/20160127122901/http://www.logisticsmgmt.com/article/acceptance_period_for_fedex_tnt_deal_extended_into_january . 27 January 2016.
- News: 2017-09-20 . NotPetya cyber-attack cost TNT at least $300m . en-GB . BBC News . live . 2020-12-21 . https://web.archive.org/web/20201206015842/https://www.bbc.com/news/technology-41336086 . 6 December 2020.
- News: Baraniuk . Chris . 9 August 2017 . Customers 'furious' with TNT after cyber-attack meltdown . BBC News . live . 9 August 2017 . https://web.archive.org/web/20170809121102/http://www.bbc.co.uk/news/technology-40861982 . 9 August 2017.
- Rail Trial Could Lead to Better Support to UK Businesses and Cut Carbon Emissions . 2 February 2016 . live . https://web.archive.org/web/20200712123323/https://www.tnt.com/express/en_gb/data/news_2014/rail_trial_couldleadtobettersupporttoukbusinessesandcutcarbonemi.html . 12 July 2020 . TNT Express . TNT.
