TNT may spin off mail business

TNT may spin off mail business    TNT is considering a spin-off of its postal business, it told shareholders at their annual meeting Thursday.
   “In order to explore the best structure in which a continued success for the Mail business can be achieved, an internal legal and financial carve-out will be realized, documentation will be prepared, partnership discussions pursued and alternative positions assessed, including a (partial) listing or IPO of the Mail business,” the company said in a statement.
   In addition to Mail, TNT's four focus areas are Parcels, Freight, Special Delivery Solutions and Emerging Platforms.
   Saying it plans to “transform TNT into a leader in the day-definitive delivery services” the company said it would expand existing combined domestic and pan-European networks. “The clear target to achieve cost leadership in all parts of the networks will allow further profitable growth of volumes.”
   “The expansion and strengthening of TNT's well-established domestic and regional networks in China, India and South America will continue to benefit from the anticipated fast growth of these local economies,” the company said.
   For its intercontinental business, TNT said it expects to transport increased freight volumes.
   It said it has developed a “unique supply chain proposition for its customers. This proposition is based on uplift of goods from factories, to direct in-feed into TNT's networks around the world. To meet the increased demand from customers for this Intercontinental service, an additional B747 (expected start of operations beginning of second quarter of 2010) will complement TNT's existing capacity on the China to Europe lane.” ' Chris Dupin