TNT (.EPS) vector logo
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About TNT (.EPS)
TNT Express N.V. is an international courier delivery services company with headquarters in Hoofddorp, Netherlands. The firm has fully owned operations in 63 countries and delivers documents, parcels and pieces of freight to over 200 countries. The company recorded sales of over €7.1 billion in 2012.
The name TNT is short for Thomas Nationwide Transport, after Ken Thomas, an Australian businessman who, in 1946, set up his own transport business with just a single truck.
Formerly an operating division of TNT N.V., TNT Express was demerged from its parent company on 26 May 2011, taking a listing on the Euronext Amsterdam Stock Exchange. TNT N.V. subsequently renamed itself PostNL.
Its major competitors include United Parcel Service, FedEx and DHL. TNT Express aircraft operate under the IATA code of TAY (TNT Airways).
On March 19, 2012, United Parcel Service announced its intention to acquire TNT Express for USD 6.7B. However, the deal fell through in January 2013 after it was announced that UPS had failed to obtain permission from the European Commission and as such had been blocked under anti competition legislation.