Press Release


Statement from TNT on relationship with Japan Post

Publish Date : 27 June 2006 at 13:15 CET - In reaction to articles in the Japanese Press, TNT makes the following statement:

On October 31, 2005 TNT and Japan Post announced an intention to establish a joint venture in International Express. For TNT this joint venture would be an addition to its recent acquisition in China and start of a road based network in South East Asia and would form part of its overall strategy to build a leading position in the Asian Express market.

At this stage, parties have not been able to reach agreement on the joint venture; however, TNT continues to explore opportunities for cooperation with Japan Post, including alternative JV structures.

TNT remains committed to the discussions with JP but will - as always - also be looking at alternative options in Japan to continue to build on the momentum we have managed to create in all other parts of Asia.

TNT N.V. provides businesses and consumers worldwide with an extensive range of services for their mail and express delivery needs. Headquartered in the Netherlands, TNT offers efficient network infrastructures in Europe and Asia and is expanding operations worldwide to maximize its network performance. TNT serves more than 200 countries and employs over 128,000 people (over 163,500 people including the division Logistics which is intended to be divested). For 2005 the company reported € 10.1 billion in revenues (€ 13.6 billion including Logistics). TNT N.V. is publicly listed on the stock exchanges of Amsterdam and New York. TNT recognizes its social responsibility, and has formed partnerships with the United Nations World Food Programme and the United Nations Environmental Programme to fight hunger and pollution in the world.

Page publication date: 27 June 2006 at 13:15 CET