Press Release

TPG wins major Express contract with Brazil Post

Publish Date : 28 May 2003 at 10:08 CET - Mail, Express and Logistics company TPG N.V. has announced that it has, through its division TNT Express, won a competitive open bid to distribute consignments sent through the new international express service of the Brazilian State Post Office: Empresa de Correios e Telegrafos (Correios).

The contract, which will be signed shortly, is estimated to produce total revenues in excess of EUR 20 million over five years.

Empresa de Correios e Telegrafos' customers will gain access to a reliable international door-to-door express delivery service and this innovative arrangement is expected to help improve the competitiveness of Brazilian companies in overseas markets.

The combination of TNT Express the leading international business-to-business express delivery company and Empresa de Correios e Telegrafos, which is considered to be one of the most credible and successful organisations amongst Brazilian institutions, will enable senders of express consignments in Brazil to benefit from a unique set of worldwide services.

Winning the Brazilian bid is a further example of the success enjoyed by TNT Express in building partnerships with Post Offices such as Correos de Chile, China Post and others across the globe.

Alan Jones group managing director of TNT Express, says: "We are delighted Empresa de Correios e Telegrafos has selected us to provide global express delivery services. This exciting international partnership will not only strengthen both companies but also further help TNT Express to improve its position in Brazil."

TNT Express has been operating in Brazil for nearly thirty years, employs approximately 400 people and covers more than 350 cities in the country with its owned and partner network. In recent years TNT Express has achieved much improved profitability and is the first Brazilian company to be recognised as an Investor in People organisation.

Page publication date: 28 May 2003 at 10:08 CET