TNT announced the acquisition of 100% 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). 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.
LIT Cargo is a family-owned, profitableroad express company that was founded in 1952. The company operates a nationwide, highly automated express parcel network, comprising of 55 depots and 496 vehicles. It employs 1,500 people. Complementing TNT’s already strong international position in Chile, LIT Cargo’s network will allow TNT to bring customers an integrated offering of road, air, international, domestic and cross-borders services to and from the country. 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.
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