TNT Express profits on the rise
International courier delivery service, TNT Express, posted impressive figures in the second quarter of 2012, including a 67 percent increase in operating profit (to £77 million) and a total sales increase of 1.7 percent (to £1.8 billion.)
The rise in fortunes of the Dutch company is no co-incidence; pioneering new technology and ensuring maximum quality has allowed them to stay ahead of the competition. The company is the first to begin using new, longer trailers in the UK, which have a payload capacity 15 percent greater than the ones currently being used.
This year TNT has also achieved a Level 1 rating in security in the Singapore, Malaysia and Thailand jurisdiction – it is the only company to have achieved the rating.
It is TNT’s determination to set itself apart which has proved a vital part of UPS’s decision to takeover TNT.
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The takeover of the TNT business by UPS is now expected to take place in the fourth quarter of 2012, following the decision by the European Commission to launch an in-depth investigation into the deal.
CEO Marie-Christine Lombard said: “The UPS offer was formally launched in June. Earlier this month, UPS and TNT Express announced that the European Commission’s assessment of the transaction would move to a phase II review as certain areas require more time to analyse. We expect to conclude the regulatory process by 4Q12. I want to re-emphasise the strong strategic rationale for the combination. An enhanced product portfolio, joint functional excellence and expanded geographic reach will create an unmatched combined service proposition for our customers.”