BREAKING — FedEx Express will combine TNT freight services into one company known as FedEx Express Australia.
A subsidiary of FedEx Corp, one of the world’s largest express transportation companies, FedEx Express is looking to enable greater global access and increased domestic reach for its Australian customers through the move.
Expanded service offerings and strong connectivity to meet domestic and international needs are foremost among the customer benefits resultant from the combined entity according to Peter Langley, FedEx Express Australasia Vice President said today.
“I see this transformation as a new chapter in the story for both FedEx and TNT brands,” Langley said in a statement.
“TNT has always had a strong presence domestically in Australia and FedEx is well known as an international service provider,” he said.
Small and medium enterprises (SMEs) make up 61 per cent of all exporters in the country.
Langley anticipates consolidation of the two transport brands will continue to provide increased access for SMEs while supporting them reach out to new international markets.
“Even with the challenges of Covid-19, the number of exporters continues to increase and is up 7 per cent year-on-year, driven by an 11 per cent growth in small exporters,” he said.
“We’re now in a better position than ever to support Australian SMEs in their business recovery efforts as we move forward post the pandemic disruption.”
Currently, the product and service portfolios for FedEx and TNT will remain unchanged.
There will also be no change to customers’ existing FedEx or TNT accounts.
The Australian integration is part of a wider global process of integration between the two companies after FedEx acquired the Dutch-owned TNT Express in 2016.