TNT Post Group (TPG) NV (NYSE: TP (http://www.nyse.com/about/listed/lcddata.html?ticker=TP)) is Royal TPG Post, the national postal operator in the Netherlands, which is active in Europe and worldwide. The Dutch post was privatised in 1994, and took over TNT Express in 1996. TNT is now TPG's global brand for express and logistics services. TNT Logistics is the second biggest logistics company in the world. TPG is listed on several European stock exchanges as well as NYSE (Symbol: TP).
Today, TNT Post Group employs over 160,000 people in 64 countries and serves over 200 countries. In 2003, TPG had sales of EUR 11.9 billion (approximately $14.6 billion).
TPGNV announced today the signing of a joint venture contract with Shanghai Automotive Industry Corporation Group (SAIC) for automotive logistics in China.
China is on its way to become one of the most important world markets and it is key for TPG to have an early presence to understand its needs and requirements.
TPG, with its two brands TNT and Royal PTT Post, is a global provider of mail, express and logistics services.
TPG was formed in 1998 by the breakup of the former Dutch postal and telecommunications monopoly, PTT Nederland.
TPG's appetite for growth was evident in 2001 as the company added CD Marketing Services, Advance Logistics Services, and Lason Inc.'s U.K. division to its arsenal.
TPG also signed a Memorandum of Understanding with The State Post Bureau of China, which laid the groundwork for future partnerships in mail, express, and logistics services.
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