Talkin' Trucks With Mike:A History of the TNT Companies

Discussion in 'LTL and Local Delivery Trucking Forum' started by Mike2633, Jun 9, 2018.

  1. R. Buron

    R. Buron Light Load Member

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    The reality is quite different. TNT was a public company listed on numerous stock exchanges and had to run business on open book.

    Context : Gulf War, recession, TNT excessive debt related to fast expansion in the 70's and 80's.

    Facts : Big institutional stockholder funds was not comfortable anymore with Peter Abeles management style of entrepreneur who took advantage of opportunities, often at great risk. After hard discussions on the Direction Board the institutional shareholder funds won their point and Peter Abeles hand over the direction of the Group to David Mortimer, TNT Group Financial Director since 1985. TNT returned to profitability in 1994.

    Context : Late 90's European Postal Authorities with deep pocket invested huge amount of money in transport.

    Facts : The Dutch Post (KPN), one of TNT partners in TNT Express Worldwide made a friendly takeover offer accepted by the TNT Board with a premium of 41% over the stock exchange price of TNT's share and no employees lay off. The new organisation was named TNT Post Group (TPG) and listed on stock exchange.

    In 2013 TPG, renamed TNT in 2005, ageed to a friendly offer from UPS but the European Commission (anti-trust regulator) blocked the transaction viewing UPS as a threat for the competition in Europe.

    However, the recent acquisition of TNT by FEDEX was possible because the relatively weak position of FEDEX on the intra-European market.
     
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  3. Mike2633

    Mike2633 Road Train Member

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    @speedyk god Speedy, CF was nothing compared to TNT. CF marketed them selves as the service company, and they had some container shipping partnerships, but good gravy, CF was just a collection of LTL trucking companies and they just so happened to own a few air planes.

    TNT had all kinds of "pots in the air" as the saying goes.
    [​IMG]

    But like anything else time marched on and took TNT with it.
     
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  4. R. Buron

    R. Buron Light Load Member

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    As you said Mike2633 `` TNT had all kinds of `` pots in the air `` . TNT was deeply involved in each of modal activities it operated. As an example, in Australia TNT offered an end to end door to door rail service totally under its exclusive control. The company run 350 tons payload dedicated trains (nicknamed Jet Train) between major cities. The operation included :

    >> Annual hire deal comprising leasing flatcars with the services of train crews and locomotives from the railways.

    >> TNT paid for the rail sidings, put the rail spur in at it cost, put the hard stand area in at it cost

    >> Operated their own gantry cranes built to TNT spécifications

    >> TNT developped the Transit-Flat container railcar built to the company spécifications able to carry two 40ft Jumbo containers also specially designed by TNT engineering staff.

    >> TNT owned the containers as well as the skeletal trailers pulled by it own fleet of tractors
    and/or exclusive contracted owners/operators

    Can you imagine the millions of dollars invested by the Group.

    TNT Melbourne rail terminal
    [​IMG]


    Two types of TNT Jumbo rail container

    [​IMG]

    You can watch 2 TNT dedicated trains in action on the following video



    26:10 til 2745 and 30:03 til 31:54
     
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  5. R. Buron

    R. Buron Light Load Member

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    To see the pictures click on the following codes :

    Oops! | Flickr

    0162-3 - 162-3-07 - Pilbara Railways Scanned and Digital Image Showcase
     
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  6. R. Buron

    R. Buron Light Load Member

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    [​IMG]
    The purpose of this quote is to revive the picture.
     
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  7. radioshark

    radioshark Road Train Member

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  8. R. Buron

    R. Buron Light Load Member

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  9. Mike2633

    Mike2633 Road Train Member

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  10. R. Buron

    R. Buron Light Load Member

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    Yes and I hope it will be for the long run. Hank shut down the pictures section because he was
    fed up with people who stole some pictures, put them on other websites or social medias without give the credit to the person who took the photo. It is not allways easy to live with that kind of conduct.
     
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  11. Mike2633

    Mike2633 Road Train Member

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    I'm glad it's back up lots of history on hanks. How would we know about the TNT companies if it wasn't for you're section on Hanks site?
     
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