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Article: TNT to Sell Its Logistics Division, Including North American Operations

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Transport Topics
Article date:
December 12, 2005
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TNT N.V. said Dec. 6 that it was putting its logistics division on the market in order to concentrate on its express parcel and mail delivery businesses - which include the Dutch post office. The decision means TNT Logistics North America will get a new owner sometime during the second half of next year.

Based in Jacksonville, FIa., TNTs North American operation ranks No. 8 on the TRANSPORT TOPICS Logistics 50 listing and No. 30 on the TT 100 list of for-hire carriers.

The concentration on parcels started immediately, with the company unveiling purchase plans for parcel couriers in China and Spain. The publicly traded Dutch firm also said it will spend about $1.18 billion to buy back about ...

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