TNT and Con-way strike new partnership
TNT and Con-way Freight announced a partnership to link their respective road networks in Europe and the US, in what they say will translate to cost-effective, high quality express freight services between both sides of the Atlantic. The agreement establishes Conway Freight as TNT’s primary road transportation partner for deliveries of ‘Economy Express’ parcels and […]
May 1, 2009
The agreement establishes Conway Freight as TNT’s primary road transportation partner for deliveries of ‘Economy Express’ parcels and freight across the US. Similarly, Conway Freight’s network will be linked to TNT’s global air network and Express Road Network, which reaches over 35 countries in Europe.
The partnership also offers both companies the opportunity to explore and develop an expanded range of international freight services under their own brands, the two said in a statement.
Marie-Christine Lombard, Group Managing Director Express, member of TNT’s Board of Management, said: “TNT’s partnership with Con-way Freight will provide cost-efficient, yet fast and reliable express freight services to customers on both sides of the Atlantic.”
“This decision reflects management’s ongoing efforts to optimise the company’s express network in light of continued excess aircraft capacity due to weak economic conditions and the expected delivery of newer, more fuel-efficient aircraft in fiscal year 2010,” the filing stated.
Both aircraft types are slated to be replaced as part of FedEx’s fleet renewal plan that will see more economical Boeing 757s and 777s joining the fleet.