"TNT N.V." redirects here. For the logistics company named TNT prior to 1998, see Thomas Nationwide Transport. For the current international courier named TNT, see TNT Express.
In January 1997, KPN, the government-owned postal monopoly in the Netherlands, purchased Australian based TNT Limited after completing a friendly takeover.[3] TNT's non-core activities outside of mail, express and logistics were sold.
On 25 June 1998, KPN merged its PTT Post division to form the TNT Post Group (TPG) that was listed on the Amsterdam, Frankfurt, London and New York stock exchanges.[7][8]
In April 1998, TPG opened its European Express Centre at Liège Airport Belgium. In October 1998, an international road hub opened in Duiven, Netherlands. In December 1998, TPG acquired French company Jet Services.[9] In April 2005, TNT Post Group was rebranded as TNT.[10] In November 2006, TNT sold its logistics division to Apollo Global Management, it was later rebranded CEVA Logistics.[11]
In March 2007, TNT acquired Hoau, China's private freight and parcels delivery firm.[12] On 18 June 2007, TNT was delisted from the New York Stock Exchange.[13] In August 2010, TNT announced its intention to float the express business as a separate company. This took effect on 31 May 2011, with TNT Express floated on the Amsterdam Stock Exchange, and TNT NV renamed PostNL.[2]
PostNL retained a 29.9% stake in TNT Express on completion of the breakup.[14]Peter Bakker, chief executive officer of TNT since 2001, stepped down at the end of May 2011 with Harry Koorstra becoming CEO of PostNL.[15] In April 2012, Harry Koorstra resigned after conflicts with the supervisory board.[16][17]Herna Verhagen became the new CEO.
In June 2013, PostNL announced that to reduce costs in the face of declining volume, it would be eliminating Monday deliveries (accounting for only 2.6% of volume), cut the number of post boxes in half, and reduce the number of post offices from around 2,500 to about 1,000.[18] From 2012 to 2013, the organization reduced the number of mail processing locations from 260 to 145.[19]
OperationsEdit
NetherlandsEdit
PostNL, formerly known as Koninklijke TNT Post, has been assigned by the Dutch government to carry out the UPD (Universele Postdienst, Dutch for Universal Postal Service).[20] Carrying out the UPD requires, amongst other things, PostNL to deliver mail throughout the Netherlands five days a week (Tuesday through Saturday) and to maintain enough mailboxes in the country.
Autoriteit Consument & Markt is charged with monitoring and enforcing the execution by PostNL.
Rest of EuropeEdit
PostNL operates in Belgium, Luxembourg, Germany, Italy and the United Kingdom. The company continued to use the TNT Post name in these countries shortly after the demerger, in agreement with TNT Express that it would rebrand by the end of 2014. In the end of 2013, its Belgian operations were also rebranded as PostNL.[21]
TNT Post Germany was rebranded as Postcon in March 2014,[22] and in May TNT Post Italy was rebranded Nexive [it], using the same logo style as its parent PostNL.[23]
TNT Post UK was rebranded as Whistl in September 2014,[24] and in October 2015 PostNL sold a majority stake in the company to its management in a management buyout.[25] In August 2019, PostNL announced it had agreed to sell its Postcon operations in Germany to Quantum Capital Partners, with the sale expected to take effect from the end of 2019.[26] In February 2020 PostNL signed an agreement with Mutares for the sale of 80% of the shares of the Italian subsidiary of PostNL, Nexive. Mutares would obtain a majority interest of 80% and PostNL a minority interest of 20% of the entity that acquired Nexive. The transaction was subject to a number of conditions and was expected to close in Q2, 2020.[27]
^. 2011-05-26. Archived from the original on 2012-07-30. Retrieved 2011-05-26.
^ ab. 2011-05-25. Archived from the original on 2012-03-22. Retrieved 2011-05-26.
^Dutch win TNT with $2bn bid, Communications giant snares troubled transport group The Australian 3 October 1996 page 1
^Commission, Australian Competition and Consumer (February 23, 2013). "ACCC not to oppose Toll acquisition of some TNT businesses". Australian Competition and Consumer Commission.
^. TNT. Archived from the original on 13 April 2014. Retrieved 27 September 2019.
^(PDF). Morgan Stanley. 2004. Archived from the original (PDF) on 9 November 2005. Retrieved 27 September 2019.
^"TNT reaches agreement to sell its logistics division to Apollo Management, L.P." 23 August 2006. from the original on 2 March 2019. Retrieved 27 September 2019.
^Roumeliotis, Greg (25 May 2011). "Q+A-Split of Dutch mail and express group TNT". Reuters. Retrieved 25 May 2011.
^Molenaar, Jeroen; Rothwell, Steve (2 December 2010). . Bloomberg Businessweek. Bloomberg. Archived from the original on December 5, 2010. Retrieved 25 May 2011.
^"Topman Harry Koorstra stapt per direct op bij postNL". Algemeen Dagblad. April 19, 2012. Retrieved June 29, 2016.
^"PostNL's CEO resigns", Postal technology International, April, 2012, retrieved June 29, 2016
^"Netherlands to eliminate Monday mail delivery in effort to save money". June 4, 2013.
^"Cost-savings help PostNL take "significant steps" in 2013". 24 Feb 2014.
^"Postdiensten voor consumenten". Rijksoverheid.nl. Rijksoverheid. 7 February 2014. Retrieved 15 January 2017.
^"TNT Post becomes PostNL in other countries too". Postnl.be. Retrieved 2014-05-31.
^"Aus TNT Post wird Postcon". Postcon.de. 2014-03-21. Retrieved 2014-05-31.
^. Postal Technology International. Archived from the original on 5 April 2016. Retrieved 4 February 2015.
^Banks, Tom (16 September 2014). "Postal service TNT Post rebrands as Whistl". Design Week. Retrieved 5 February 2015.
^"Whistl management buy out completed". Logistics Manager. 26 October 2015. Retrieved 8 November 2015.
^"PostNL sells majority stake in Nexive". Post & Parcel. February 26, 2020.
External linksEdit
Media related to PostNL at Wikimedia Commons
Official website
October 21, 2023
postnl, redirects, here, logistics, company, named, prior, 1998, thomas, nationwide, transport, current, international, courier, named, express, dutch, pronunciation, ˈpɔst, ɛnˌɛl, formerly, mail, parcel, commerce, corporation, with, operations, netherlands, g. TNT N V redirects here For the logistics company named TNT prior to 1998 see Thomas Nationwide Transport For the current international courier named TNT see TNT Express PostNL Dutch pronunciation ˈpɔst ɛnˌɛl formerly TNT N V is a mail parcel and e commerce corporation with operations in the Netherlands Germany Italy Belgium and the United Kingdom It provides universal delivery in the Netherlands and is publicly listed at Euronext Amsterdam 1 2 The company was known as TNT NV until TNT Express was separated from it in May 2011 and the remainder of the company was renamed PostNL PostNLTraded asEuronext PNLIndustryDistributionPredecessorKPN s postal divisionTNT LimitedFoundedJune 1998HeadquartersThe Hague NetherlandsKey peopleHerna Verhagen CEO ServicesPost delivery servicesRevenue 2 772 billion 2018 Operating income 209 million 2018 SubsidiariesKoninklijke TNT PostTNT AirwaysTNT Express 29 9 Whistl 17 5 Websitewww postnl nl Contents 1 History 2 Operations 2 1 Netherlands 2 2 Rest of Europe 3 See also 4 References 5 External linksHistory Edit nbsp Former TNT logo nbsp TNT mail boxIn January 1997 KPN the government owned postal monopoly in the Netherlands purchased Australian based TNT Limited after completing a friendly takeover 3 TNT s non core activities outside of mail express and logistics were sold These included Ansett Worldwide Aviation Service to Morgan Stanley Dean Witter the Komatsu Forklift business the Port of Geelong and some other Australian interests to Toll Holdings and the Sydney Monorail and Sydney light rail operation to CGEA Transport Sydney 4 5 6 On 25 June 1998 KPN merged its PTT Post division to form the TNT Post Group TPG that was listed on the Amsterdam Frankfurt London and New York stock exchanges 7 8 In April 1998 TPG opened its European Express Centre at Liege Airport Belgium In October 1998 an international road hub opened in Duiven Netherlands In December 1998 TPG acquired French company Jet Services 9 In April 2005 TNT Post Group was rebranded as TNT 10 In November 2006 TNT sold its logistics division to Apollo Global Management it was later rebranded CEVA Logistics 11 In March 2007 TNT acquired Hoau China s private freight and parcels delivery firm 12 On 18 June 2007 TNT was delisted from the New York Stock Exchange 13 In August 2010 TNT announced its intention to float the express business as a separate company This took effect on 31 May 2011 with TNT Express floated on the Amsterdam Stock Exchange and TNT NV renamed PostNL 2 PostNL retained a 29 9 stake in TNT Express on completion of the breakup 14 Peter Bakker chief executive officer of TNT since 2001 stepped down at the end of May 2011 with Harry Koorstra becoming CEO of PostNL 15 In April 2012 Harry Koorstra resigned after conflicts with the supervisory board 16 17 Herna Verhagen became the new CEO In June 2013 PostNL announced that to reduce costs in the face of declining volume it would be eliminating Monday deliveries accounting for only 2 6 of volume cut the number of post boxes in half and reduce the number of post offices from around 2 500 to about 1 000 18 From 2012 to 2013 the organization reduced the number of mail processing locations from 260 to 145 19 Operations EditNetherlands Edit PostNL formerly known as Koninklijke TNT Post has been assigned by the Dutch government to carry out the UPD Universele Postdienst Dutch for Universal Postal Service 20 Carrying out the UPD requires amongst other things PostNL to deliver mail throughout the Netherlands five days a week Tuesday through Saturday and to maintain enough mailboxes in the country Autoriteit Consument amp Markt is charged with monitoring and enforcing the execution by PostNL Rest of Europe Edit PostNL operates in Belgium Luxembourg Germany Italy and the United Kingdom The company continued to use the TNT Post name in these countries shortly after the demerger in agreement with TNT Express that it would rebrand by the end of 2014 In the end of 2013 its Belgian operations were also rebranded as PostNL 21 TNT Post Germany was rebranded as Postcon in March 2014 22 and in May TNT Post Italy was rebranded Nexive it using the same logo style as its parent PostNL 23 TNT Post UK was rebranded as Whistl in September 2014 24 and in October 2015 PostNL sold a majority stake in the company to its management in a management buyout 25 In August 2019 PostNL announced it had agreed to sell its Postcon operations in Germany to Quantum Capital Partners with the sale expected to take effect from the end of 2019 26 In February 2020 PostNL signed an agreement with Mutares for the sale of 80 of the shares of the Italian subsidiary of PostNL Nexive Mutares would obtain a majority interest of 80 and PostNL a minority interest of 20 of the entity that acquired Nexive The transaction was subject to a number of conditions and was expected to close in Q2 2020 27 See also EditPostage stamps and postal history of the NetherlandsReferences Edit Our Company 2011 05 26 Archived from the original on 2012 07 30 Retrieved 2011 05 26 a b TNT Shareholders approve demerger other results Meetings of Shareholders 2011 05 25 Archived from the original on 2012 03 22 Retrieved 2011 05 26 Dutch win TNT with 2bn bid Communications giant snares troubled transport group The Australian 3 October 1996 page 1 Commission Australian Competition and Consumer February 23 2013 ACCC not to oppose Toll acquisition of some TNT businesses Australian Competition and Consumer Commission TNT Annual Report 1998 Non core business TNT Archived from the original on 13 April 2014 Retrieved 27 September 2019 A report by Ansett Worldwide PDF Morgan Stanley 2004 Archived from the original PDF on 9 November 2005 Retrieved 27 September 2019 History TNT TNT Post Group The first main company with an independent stock market listing TNT Post Group 25 June 1998 TNT Post Group NV acquires leading express company in France TNT 15 December 1998 TPG to become TNT one global brand for all activities TNT Post Group 14 January 2005 TNT reaches agreement to sell its logistics division to Apollo Management L P 23 August 2006 Archived from the original on 2 March 2019 Retrieved 27 September 2019 TNT acquired Hoau 2007 03 15 Retrieved 2011 10 03 TNT completes delisting from New York Stock Exchange TNT 18 June 2007 Roumeliotis Greg 25 May 2011 Q A Split of Dutch mail and express group TNT Reuters Retrieved 25 May 2011 Molenaar Jeroen Rothwell Steve 2 December 2010 TNT Shifts Strategy to Spin Off Express Division Bloomberg Businessweek Bloomberg Archived from the original on December 5 2010 Retrieved 25 May 2011 Topman Harry Koorstra stapt per direct op bij postNL Algemeen Dagblad April 19 2012 Retrieved June 29 2016 PostNL s CEO resigns Postal technology International April 2012 retrieved June 29 2016 Netherlands to eliminate Monday mail delivery in effort to save money June 4 2013 Cost savings help PostNL take significant steps in 2013 24 Feb 2014 Postdiensten voor consumenten Rijksoverheid nl Rijksoverheid 7 February 2014 Retrieved 15 January 2017 TNT Post becomes PostNL in other countries too Postnl be Retrieved 2014 05 31 Aus TNT Post wird Postcon Postcon de 2014 03 21 Retrieved 2014 05 31 TNT Post Italy renamed Nexive Postal Technology International Archived from the original on 5 April 2016 Retrieved 4 February 2015 Banks Tom 16 September 2014 Postal service TNT Post rebrands as Whistl Design Week Retrieved 5 February 2015 Whistl management buy out completed Logistics Manager 26 October 2015 Retrieved 8 November 2015 Quantum Capital Partners to acquire Postcon business of PostNL PostNL 5 August 2019 PostNL sells majority stake in Nexive Post amp Parcel February 26 2020 External links Edit nbsp Media related to PostNL at Wikimedia Commons Official website Retrieved from https en wikipedia org w index php title PostNL amp oldid 1167957582, wikipedia, wiki, book, books, library,
