Back

Release Date:
Release ID: 458

TNT acquires LIT Cargo of Chile

TNT gains strong position in Chilean domestic express market, a key platform for expansion in South America

Press Release

TNT announces the acquisition of 100 per cent of LIT Cargo, a leading express delivery company in Chile. The acquisition gives TNT a strong nationwide road network in Chile and strengthens its position in the country’s domestic express delivery market. Furthermore, it adds a key building block to the development of its South American Road Network (SARN), linking Chile to Brazil and Argentina. The acquisition fully fits with TNT’s strategy to become the intra-regional express leader in South America and to leverage this regional strength to grow intercontinental flows.



Created in 1952, LIT Cargo is a family-owned, profitable road express company with 1,500 employees. The company operates a nationwide, highly automated express parcel network, comprising of 55 depots and 496 vehicles. LIT Cargo’s compound annual revenue growth of 25% over the past three years has outpaced that of the Chilean market. The company serves several key vertical markets, including automotive, pharmaceuticals and high tech.



Marie-Christine Lombard, Group Managing Director Express, member of TNT’s Board of Management, said: “TNT is on its way to becoming the intra-regional express leader in South America. We are developing strong operational platforms in Chile and Brazil to offer customers an integrated portfolio of domestic, cross border and intercontinental services.”



Telephone:
Fax:

print button Freight Press XML feed

Freight Forwarders

Freight Services

About Freightnet

Payment Options

Worldpay Payments Processing PayPal Logo

American Express payments supported by WorldpayMastercard payments supported by WorldpayJCB payments supported by WorldpayMaestro payments supported by WorldpayVisa Credit and Debit payments supported by Worldpay

© The Adora Group Limited 2016 - Publishers of Freightnet