TPG to invest in expanded EU

TPG to invest in expanded EU

Dutch mail, express and logistics company TPG N.V.'s TNT Express division announced today that it has taken significant steps to capitalize on an expanded European Union.

Preparations include investments of 11 million euros ($13 million) in new linehaul connections, a new road hub, additional sortation facilities, new vehicles and drivers.

TNT said it is launching 16 new road linehaul connections between eight new EU member states on May 17.

The company said it currently has 1,800 staff, 900 vehicles and 67 depots in countries that will drop various customs clearance delays as part of an expanded EU, and speed connections to the Czech Republic, Lithuania, Estonia, Slovenia, Hungary, Latvia and Poland.

Slovakia, Cyprus and Malta are also among the counties slated to join the EU.

An additional 25 vehicles and 35 drivers will be added across the new EU countries, or 25 percent of the new investment. TNT is also adding additional sortation capabilities at 10 of its existing sites to process the increased flow of consignments traveling through the company's network.

A new $3.2 million state-of-the-art international road hub in Warsaw will open in 2005 to coordinate the flow of consignments throughout the new EU countries and to respond to the growth of activities in the area. It will be served by four additional international linehaul