PostNL

{{Short description|Mail, parcel and e-commerce corporation with operations in the Netherlands}}

{{Infobox company

| name = PostNL N.V.

| logo = PostNL logo outline.svg

| logo_size = 150px

| type = Public

| traded_as = {{EuronextAmsterdam|PNL|NL0009739416}}

| fate =

| predecessor = KPN's postal division

| successor =

| founded = June 1998

| founder =

| defunct =

| hq_location = The Hague

| location_city =

| location_country = Netherlands

| locations =

| area_served = Benelux

| key_people = Pim Berendsen (CEO)

| industry = Courier

| products =

| services = {{Ubl|Package delivery|Postal services}}

| revenue = €3.252 billion (2024)

| operating_income = €37 million (2024)

| net_income = €18 million (2024)

| num_employees = 32,405 (2024)

| divisions =

| subsid = {{Plain list|

}}

| owner =

| homepage = {{URL|https://www.postnl.nl/en/|postnl.nl}}

}}

PostNL N.V., commonly known as PostNL ({{IPA|nl|ˈpɔst ɛnˌɛl}}) (formerly TNT N.V.) is a Dutch mail, parcel and e-commerce company with operations mainly in the Benelux area. It provides universal delivery in the Netherlands, and is publicly listed at Euronext Amsterdam.{{cite web| url = http://www.postnl.com/about/company/index.aspx| title = Our Company| date = 2011-05-26| access-date = 2011-05-26| archive-url = https://web.archive.org/web/20120730065757/http://www.postnl.com/about/company/index.aspx| archive-date = 2012-07-30| url-status = dead}}{{cite web| url = http://www.postnl.com/press/575080/TNT_Shareholders_approve_demerger_other_results_Meetings_of_Shareholders.aspx| title = TNT Shareholders approve demerger other results Meetings of Shareholders| date = 2011-05-25| access-date = 2011-05-26| url-status = dead| archive-url = https://web.archive.org/web/20120322101918/http://www.postnl.com/press/575080/TNT_Shareholders_approve_demerger_other_results_Meetings_of_Shareholders.aspx| archive-date = 2012-03-22}} The company was known as TNT NV until TNT Express was separated from it in May 2011, and the remainder of the company was renamed PostNL.

History

File:PostNL logo.svg

File:TNT Logo.svg

File:Postbox-tnt-2006.jpg

File:PostNL Office.jpg in Amsterdam]]

In January 1997, KPN, the government-owned postal monopoly in the Netherlands, purchased Australian based TNT Limited after completing a friendly takeover.Dutch win TNT with $2bn bid, Communications giant snares troubled transport group The Australian 3 October 1996 page 1 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 and Sydney light rail operation to CGEA Transport Sydney.{{Cite web|url=https://www.accc.gov.au/media-release/accc-not-to-oppose-toll-acquisition-of-some-tnt-businesses|title=ACCC not to oppose Toll acquisition of some TNT businesses|first=Australian Competition and Consumer|last=Commission|date=February 23, 2013|website=Australian Competition and Consumer Commission}}{{cite web|url=http://group.tnt.com/annualreports/annualreport98/report/report_managem/specissue/noncore/middenframe.html|title=TNT Annual Report 1998 - Non-core business|publisher=TNT|access-date=27 September 2019|archive-url=https://web.archive.org/web/20140413123220/http://group.tnt.com/annualreports/annualreport98/report/report_managem/specissue/noncore/middenframe.html|archive-date=13 April 2014|url-status=dead}}{{cite web|url=http://www.touchbriefings.com/pdf/12/avia031_t_ANSETT.PDF|title= A report by Ansett Worldwide|publisher=Morgan Stanley|date=2004|access-date=27 September 2019|archive-url=https://web.archive.org/web/20051109015621/http://www.touchbriefings.com/pdf/12/avia031_t_ANSETT.PDF|archive-date=9 November 2005|url-status=usurped}}

On 25 June 1998, KPN merged its PTT Post division to form the TNT Post Group (TPG) that was listed on the Amsterdam, Frankfurt, London and New York stock exchanges.[https://web.archive.org/web/20190904110842/https://www.tnt.com/corporate/en/site/home/about_us/history.html History TNT][https://web.archive.org/web/20190930135635/https://www.tnt.com/corporate/en/data/press/1998/06/400219TNT_Post_Group___The_first_mail_company_with_an_independent_stock_market_listing.html TNT Post Group - The first main company with an independent stock market listing TNT Post Group 25 June 1998]

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.[https://web.archive.org/web/20111024094144/https://www.tnt.com/corporate/en/data/press/1998/12/400225TNT_Post_Group_NV_acquires_leading_express_company_in_France.html TNT Post Group NV acquires leading express company in France TNT 15 December 1998] In April 2005, TNT Post Group was rebranded as TNT.[https://web.archive.org/web/20190302012633/https://www.tnt.com/corporate/en/data/press/2005/01/400479TPG_to_become_TNT__one_global_brand_for_all_activities.html TPG to become TNT: one global brand for all activities TNT Post Group 14 January 2005] In November 2006, TNT sold its logistics division to Apollo Global Management, it was later rebranded CEVA Logistics.{{cite web|url=https://www.tnt.com/corporate/en/data/press/2006/08/400563TNT_reaches_agreement_to_sell_its_logistics_division_to_Apollo_Management__LP.html|title=TNT reaches agreement to sell its logistics division to Apollo Management, L.P.|date=23 August 2006|access-date=27 September 2019|archive-url=https://web.archive.org/web/20190302012629/https://www.tnt.com/corporate/en/data/press/2006/08/400563TNT_reaches_agreement_to_sell_its_logistics_division_to_Apollo_Management__LP.html|archive-date=2 March 2019|url-status=live}}

In March 2007, TNT acquired Hoau, China's private freight and parcels delivery firm.{{cite web|url=http://www.chinadaily.com.cn/bizchina/2007-03/15/content_828773.htm|title=TNT acquired Hoau|date=2007-03-15|access-date=2011-10-03}} On 18 June 2007, TNT was delisted from the New York Stock Exchange.[https://web.archive.org/web/20190302012600/https://www.tnt.com/corporate/en/data/press/2007/06/400623TNT_completes_delisting_from_New_York_Stock_Exchange.html TNT completes delisting from New York Stock Exchange TNT 18 June 2007] In August 2010, TNT announced its intention to float the express business as a separate company. This took effect on 31 May 2011, with TNT Express 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.{{cite news|last=Roumeliotis|first=Greg|title=Q+A-Split of Dutch mail and express group TNT|url=https://www.reuters.com/article/tnt-idUSLDE74O0Z320110525|access-date=25 May 2011|date=25 May 2011|work=Reuters}} Peter Bakker, chief executive officer of TNT since 2001, stepped down at the end of May 2011 with Harry Koorstra becoming CEO of PostNL.{{cite news|last=Molenaar|first=Jeroen|title=TNT Shifts Strategy to Spin Off Express Division|url=http://www.businessweek.com/news/2010-12-02/tnt-shifts-strategy-to-spin-off-express-division.html|archive-url=https://web.archive.org/web/20101205024420/http://www.businessweek.com/news/2010-12-02/tnt-shifts-strategy-to-spin-off-express-division.html|url-status=dead|archive-date=December 5, 2010|access-date=25 May 2011|newspaper=Bloomberg Businessweek|date=2 December 2010|author2=Rothwell, Steve|agency=Bloomberg}} In April 2012, Harry Koorstra resigned after conflicts with the supervisory board.{{cite news|url=http://www.ad.nl/economie/topman-harry-koorstra-stapt-per-direct-op-bij-postnl~a13eb45f/ |title=Topman Harry Koorstra stapt per direct op bij postNL|work= Algemeen Dagblad|date=April 19, 2012|accessdate= June 29, 2016}}[http://www.postaltechnologyinternational.com/news.php?NewsID=38548 "PostNL's CEO resigns", Postal technology International, April, 2012, retrieved June 29, 2016] 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.{{cite web |url=http://www.idstrac.com/Blog/netherlands-to-eliminate-monday-mail-delivery-in-effort-to-save-money/ |title=Netherlands to eliminate Monday mail delivery in effort to save money |date=June 4, 2013}} From 2012 to 2013, the organization reduced the number of mail processing locations from 260 to 145.{{cite web |url=https://postandparcel.info/60196/news/cost-savings-help-postnl-take-significant-steps-in-2013/ |title=Cost-savings help PostNL take "significant steps" in 2013 |date=24 Feb 2014}}

Operations

=Netherlands=

PostNL, formerly known as Koninklijke TNT Post, has been assigned by the Dutch government to carry out the UPD (Universele Postdienst, Dutch for Universal Postal Service).{{cite web|title=Postdiensten voor consumenten|url=https://www.rijksoverheid.nl/onderwerpen/postbezorging/inhoud/niet-zakelijke-postbezorging|website=Rijksoverheid.nl|date=7 February 2014 |publisher=Rijksoverheid|access-date=15 January 2017}} 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, Luxembourg, Germany, Italy and the United Kingdom. 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.{{cite web|url=http://www.postnl.be/be/parcels/blog/now-tnt-post-will-be-known-postnl-parcels |title=TNT Post becomes PostNL in other countries too |publisher=Postnl.be |access-date=2014-05-31}}

TNT Post Germany was rebranded as Postcon in March 2014,{{cite web|url=https://www.postcon.de/2014/namenswechsel-aus-tnt-post-wird-postcon/ |title=Aus TNT Post wird Postcon |publisher=Postcon.de |date=2014-03-21 |access-date=2014-05-31}} and in May TNT Post Italy was rebranded {{ill|Nexive|it}}, using the same logo style as its parent PostNL.{{cite web|title=TNT Post Italy renamed Nexive|url=http://www.postaltechnologyinternational.com/news.php?NewsID=59037|website=Postal Technology International|access-date=4 February 2015|archive-url=https://web.archive.org/web/20160405103018/http://www.postaltechnologyinternational.com/news.php?NewsID=59037|archive-date=5 April 2016|url-status=dead}}

TNT Post UK was rebranded as Whistl in September 2014,{{cite web |url=http://www.designweek.co.uk/news/postal-service-tnt-post-rebrands-as-whistl/3039080.article |title=Postal service TNT Post rebrands as Whistl |last1=Banks |first1=Tom |date=16 September 2014 |website=Design Week |access-date=5 February 2015}} and in October 2015 PostNL sold a majority stake in the company to its management in a management buyout.{{cite news|title=Whistl management buy out completed|url=http://www.logisticsmanager.com/2015/10/whistl-management-buy-out-completed/|access-date=8 November 2015|work=Logistics Manager|date=26 October 2015}} 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.[https://web.archive.org/web/20190930134215/https://www.postnl.nl/en/about-postnl/press-news/press-releases/2019/quantum-capital-partners-to-acquire-postcon-business-of-postnl.html Quantum Capital Partners to acquire Postcon business of PostNL PostNL 5 August 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.{{Cite web|url=https://postandparcel.info/119211/news/e-commerce/postnl-sells-majority-stake-in-nexive/|title=PostNL sells majority stake in Nexive|date=February 26, 2020|website=Post & Parcel}}