TNT Post nets final-mile funding in bid to challenge Royal Mail dominance


 

TNT Post UK has secured funding to roll-out a final mile delivery service across the UK, in a bid to rival the service currently provided by Royal Mail. Parent PostNL has revealed a joint venture with private equity firm LDC, which will provide funding for a phased introduction of the service, which has been trialled in London and Greater Manchester. The joint venture is expected to close in early 2014, subject to approval by the European Commission. PostNL’s executive committee […]