Newspaper article The Florida Times Union

TNT Chairman Bullish on Logistics

Newspaper article The Florida Times Union

TNT Chairman Bullish on Logistics

Article excerpt

Byline: Christopher Calnan, Times-Union business writer

Peter Bakker, the chairman of TNT Logistics North America's parent company, visited Jacksonville recently and discussed the burgeoning logistics industry.

Bakker, chairman of TNT Post Group, a Holland-based business, said logistics has grown to be nearly 30 percent of TPG's $11 billion in annual revenue.

The North American division, which is headquartered in Jacksonville, has been a major factor in that growth.

TNT has increased its business 40 percent for three consecutive years, Bakker said. And he predicts the upward trend will continue so that logistics will account for 40 percent to 45 percent of TPG's business in five years.

"I expect logistics to be the biggest division in terms of revenue," Bakker said, "and Jacksonville should be the source of all that growth."

Logistics companies such as TNT help manufacturers move things in the most efficient way to save them money.

Logistics companies get clients supplies only when they need them to avoid stockpiling materials, which costs money.

TNT, which started in the automotive industry, has been expanding its business. Bakker was in Jacksonville for the opening of TNT's new multimillion-dollar corporate headquarters on Deerwood Park Boulevard.

TNT Logistics has its roots in two companies, Jacksonville's Customized Transportation Inc. and the Australian TNT Logistics.

CTI started in 1981 and grew from three employees to more than 800 in seven years. In 1993, it became a subsidiary of Richmond, Va.-based CSX Corp.

In September 2000, the Post Group bought CTI from CSX and combined the company with TNT Logistics in Canada. The merged company became TNT North America.

Logistics is thriving in good times and bad. Business increases during a strong economy because more goods are being moved. …

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