TNT yesterday officially completed the sale of its logistics unit to Apollo Management for $1.9 billion (ATWOnline, May 5). The Dutch express delivery company last week also signaled its intention to sell off its Freight Management freight forwarding business. Both sales are part of its effort to divest itself of high-revenue, low-margin units and concentrate on growing its "core" mail and express delivery business, CEO Peter Bakker said. TNT delivers 3.5 million parcels, documents and ...

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