TNT N.V. Totally Explained

Everything about Tnt N V totally explained

TNT N.V. is a global express and mail delivery services company with headquarters in Hoofddorp, the Netherlands. In the Netherlands, TNT operates the national postal service under the name TNT Post. A supporter of the opening of the European postal market to competition, the group also offers postal services in six other European countries, including the UK, Germany, Italy and Belgium. TNT's mail division recorded sales of about €4 billion in 2006.
   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 over €6 billion in 2006, that's 12% more than the previous year.
   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 Pakistan, China and Brazil.
   TNT employs around 159,000 people worldwide. In 2006, the company reported €10.1 billion in revenues and an operating income of €1,276 million. TNT N.V. is publicly listed on the stock exchange of Euronext Amsterdam. Its major competitors include FedEx, United Parcel Service (UPS), DHL, and national post carriers such as US Postal Service and Royal Mail. TNT aircraft operate under the IATA code of TAY (TNT Airways).
   TNT's chief operating officer is Peter Bakker. Other members of the Board of Management include Henk van Dalen (Chief Financial Officer), Marie-Christine Lombard (Group Managing Director, Express) and Harry Koorstra (Group Managing Director, Mail).

History

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 Postal 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. 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.
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".

See TNT History

for a more detailed overview.

TNT and the 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, of which takeup in the UK is near 100%.
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 hadn't 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.

Operating units

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 74,000 people, flies 44 aircraft, runs about 23,400 road vehicles, and has a worldwide network of nearly 1,200 depots and hubs.

TNT Post - A postal operator all over in Europe

Royal TNT Post BV - collects, sorts and distributes mail in the Netherlands
European Mail Networks - collects, sorts and distributes mail in several European countries
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 Value Added Services - operates a series of outsourced services that includes archiving services, reprographics services, mailroom management, facilities management and supplier managementFurther Information

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