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HERO ID
8570855
Reference Type
Journal Article
Title
TNT's leaving logistics
Author(s)
Perry, D
Year
2005
Volume
202
Issue
5157
Page Numbers
20
Language
English
Abstract
TNT, express transport specialist and part of the Dutch postal group TPG, is planning to sell off its logistics business. TNT has already sold its French logistics business to Norbert Dentressangle and local managers. TNT's logistics subsidiaries in France and Italy have hit the division's 2005 Q3 earnings, falling from €39m to €13m. The logistic business of the company will no longer fit its strategic focus of going forward and will be sold off piecemeal, country by country.
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