CTI LOGISTX and TNT Logistics Combine to Create TNT Logistics North America
14 December 2000
CTI LOGISTX and TNT Logistics Combine to Create TNT Logistics North America
Combination Of Two Companies Creates 7th LargestLogistics Company In North America
JACKSONVILLE, Fla.--Dec. 14, 2000--As of January 1, 2001, CTI LOGISTX will become TNT Logistics North America. The name change concludes the integration of CTI LOGISTX, Jacksonville, Florida and TNT Logistics, Mississauga, Ontario, which occurred as a result of the Netherlands-based TNT Post Group's acquisition of CTI LOGISTX from the CSX Corporation on September 22, 2000. The combination of the two companies creates the 7th largest logistics company in North America.
As reported in the Wall Street Journal, the management team of CTI LOGISTX, headed by President and CEO and Dave Kulik will lead the new company, which will remain headquartered in Jacksonville, Florida. The company will maintain key corporate functions in the Mississauga, Ontario office and combine their automotive logistics groups in Southfield, Michigan.
TNT Logistics North America is part of the TNT POST GROUP N.V. , a global company providing mail, express and logistics services under the Royal PTT Post and TNT brands. With over 116,000 employees, TPG provides services in more than 200 countries. TNT Logistics North America provides value-added supply chain services such as network design/redesign, high-velocity cross docks, fulfillment centers, sequencing, kitting, sub-assembly, return logistics, dedicated contract transportation and e-Commerce solutions. It services a range of Fortune 500 companies in the electronic, rail, automotive, and heavy machinery industries. Based in Jacksonville, Florida, TNT Logistics North America can be reached at (904) 928-1400 or on the Web at www.tntlogistics.com.