New business boost for TNT Logistics
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• TNT Logistics says it will have increased its turnover by at least 60% to around £128m by its year end in June 1995 on the strength of new business.
The latest of these, worth an annual £4rn for five years with Michelin Tyres, will boost the company's automotive turnover to £20m, says business development director Paul Eden Smith.
Next week the company is set to announce the biggest contract it has won this year—with a "well-known non-food retailer"—and there's a big renewal on its way and two or three yet to come, it says.
Most of the 75 LGV drivers currently employed by Michelin to deliver tyres to dealers and garages from its sites in Basildon, Birmingham, Birtley, Chester and Southampton will transfer to TNT's employment, says Eden Smith.
Exact numbers of redundancies have not been decided because some new non-Michelin sites will be used—peripheral areas are served from TNT Express's 30-depot network.
I=1 For more details see Contracts News on page la