PostNL N.V., commonly known as PostNL () (formerly TNT N.V.) is a Dutch

mail The mail or post is a system for physically transporting postcards, letter (message), letters, and parcel (package), parcels. A postal service can be private or public, though many governments place restrictions on private systems. Since the mid ...

, parcel and

e-commerce E-commerce (electronic commerce) refers to commercial activities including the electronic buying or selling products and services which are conducted on online platforms or over the Internet. E-commerce draws on technologies such as mobile co ...

company with operations mainly in the

Benelux The Benelux Union (; ; ; ) or Benelux is a politico-economic union, alliance and formal international intergovernmental cooperation of three neighbouring states in Western Europe: Belgium, the Netherlands, and Luxembourg. The name is a portma ...

area. It provides universal delivery in the Netherlands, and is publicly listed at

Euronext Amsterdam Euronext Amsterdam is a stock exchange based in Amsterdam, the Netherlands. Formerly known as the Amsterdam Stock Exchange (), it merged on 22 September 2000 with the Brussels Stock Exchange and the Paris Stock Exchange to form Euronext. The re ...

. The company was known as TNT NV until

TNT Express TNT Express was an international courier delivery services company with its headquarters in Hoofddorp, Netherlands. It was acquired by FedEx. History The namesake Thomas Nationwide Transport grandfather company was originally started in 1946 w ...

was separated from it in May 2011, and the remainder of the company was renamed PostNL.

History

In January 1997,

KPN Koninklijke KPN N.V. (Royal KPN N.V. in English), trading as KPN is a Dutch List of telephone operating companies, telecommunications company. KPN originated from a government-run postal, telegraph and telephone service and is based in Rotterda ...

, the government-owned postal monopoly in the Netherlands, purchased Australian based TNT Limited after completing a friendly takeover. TNT's non-core activities outside of mail, express and logistics were sold. These included Ansett Worldwide Aviation Service to Morgan Stanley Dean Witter, the Komatsu Forklift business, the Port of Geelong and some other Australian interests to Toll Holdings, and the

Sydney Monorail The Sydney Monorail (originally TNT Harbourlink and later Metro Monorail) was a single-loop monorail in Sydney, that connected Darling Harbour, Chinatown, Sydney, Chinatown and the Sydney central business district, Sydney central business and s ...

and Sydney light rail operation to CGEA Transport Sydney. On 25 June 1998, KPN merged its PTT Post division to form the TNT Post Group (TPG) that was listed on the

Amsterdam Amsterdam ( , ; ; ) is the capital of the Netherlands, capital and Municipalities of the Netherlands, largest city of the Kingdom of the Netherlands. It has a population of 933,680 in June 2024 within the city proper, 1,457,018 in the City Re ...

Frankfurt Frankfurt am Main () is the most populous city in the States of Germany, German state of Hesse. Its 773,068 inhabitants as of 2022 make it the List of cities in Germany by population, fifth-most populous city in Germany. Located in the forela ...

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

and

New York New York most commonly refers to: * New York (state), a state in the northeastern United States * New York City, the most populous city in the United States, located in the state of New York New York may also refer to: Places United Kingdom * ...

stock exchanges.History TNT
/ref> In April 1998, TPG opened its European Express Centre at Liège Airport Belgium. In October 1998, an international road hub opened in Duiven, Netherlands. In December 1998, TPG acquired French company Jet Services. In April 2005, TNT Post Group was rebranded as TNT. In November 2006, TNT sold its logistics division to

Apollo Global Management Apollo Global Management, Inc. is an American asset management firm that primarily invests in alternative assets. , the company had $548 billion of assets under management, including $392 billion invested in credit, including mezzanine capita ...

, it was later rebranded CEVA Logistics. In March 2007, TNT acquired Hoau, China's private freight and parcels delivery firm. On 18 June 2007, TNT was delisted from the New York Stock Exchange. In August 2010, TNT announced its intention to float the express business as a separate company. This took effect on 31 May 2011, with

floated on the Amsterdam Stock Exchange, and TNT NV renamed PostNL. PostNL retained a 29.9% stake in TNT Express on completion of the breakup. Peter Bakker,

chief executive officer A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

of TNT since 2001, stepped down at the end of May 2011 with Harry Koorstra becoming CEO of PostNL. In April 2012, Harry Koorstra resigned after conflicts with the supervisory board. Herna Verhagen became the new CEO. In June 2013, PostNL announced that to reduce costs in the face of declining volume, it would be eliminating Monday deliveries (accounting for only 2.6% of volume), cut the number of post boxes in half, and reduce the number of post offices from around 2,500 to about 1,000. From 2012 to 2013, the organization reduced the number of mail processing locations from 260 to 145.

Operations

Netherlands

PostNL, formerly known as

Koninklijke TNT Post Koninklijke TNT Post BV () was the national postal company in the Netherlands, owned by TNT N.V. Until May 2011, it operated under the brand TNT Post and employed 75,000 people. History In 1989, the state-run enterprise PTT became Royal ...

, has been assigned by the Dutch government to carry out the UPD (''Universele Postdienst'', Dutch for ''Universal Postal Service''). Carrying out the UPD requires, amongst other things, PostNL to deliver mail throughout the Netherlands five days a week (Tuesday through Saturday) and to maintain enough mailboxes in the country. Autoriteit Consument & Markt is charged with monitoring and enforcing the execution by PostNL.

Rest of Europe

PostNL operates in

Belgium Belgium, officially the Kingdom of Belgium, is a country in Northwestern Europe. Situated in a coastal lowland region known as the Low Countries, it is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeas ...

Luxembourg Luxembourg, officially the Grand Duchy of Luxembourg, is a landlocked country in Western Europe. It is bordered by Belgium to the west and north, Germany to the east, and France on the south. Its capital and most populous city, Luxembour ...

Germany Germany, officially the Federal Republic of Germany, is a country in Central Europe. It lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total popu ...

Italy Italy, officially the Italian Republic, is a country in Southern Europe, Southern and Western Europe, Western Europe. It consists of Italian Peninsula, a peninsula that extends into the Mediterranean Sea, with the Alps on its northern land b ...

and the

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotlan ...

. The company continued to use the TNT Post name in these countries shortly after the demerger, in agreement with TNT Express that it would rebrand by the end of 2014. In the end of 2013, its Belgian operations were also rebranded as PostNL. TNT Post Germany was rebranded as Postcon in March 2014, and in May TNT Post Italy was rebranded , using the same logo style as its parent PostNL. TNT Post UK was rebranded as Whistl in September 2014, and in October 2015 PostNL sold a majority stake in the company to its management in a

management buyout A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or individual. Management- and/or leveraged buyouts became noted phenomena of 19 ...

. In August 2019, PostNL announced it had agreed to sell its Postcon operations in Germany to Quantum Capital Partners, with the sale expected to take effect from the end of 2019. In February 2020 PostNL signed an agreement with Mutares for the sale of 80% of the shares of the Italian subsidiary of PostNL, Nexive. Mutares would obtain a majority interest of 80% and PostNL a minority interest of 20% of the entity that acquired Nexive. The transaction was subject to a number of conditions and was expected to close in Q2, 2020.

References

External links