Amsterdam, 20 September 2012 – TNT Express has further extended its road delivery network in Europe with a new service to and from Montenegro. Following the recent addition of Albania, Macedonia, Belarus and Moldova, this expansion gives TNT Express a road network coverage of 40 European countries.
The twice-weekly scheduled departures to Podgorica, Montenegro’s capital, support TNT Express’ day definite delivery door-to-door “Economy Express” service. This service provides the most economical express delivery option for customers that send parcels or freight weighing up to 500 kg per piece. Additionally Economy Express includes customs clearance and real time tracking. It is ideal for customers who ship less urgent freight or parcels to the former Yugoslav republic, as the country reinforces ties with the European Union.
Transit times within Europe are 2-6 days depending on the distance. TNT Express will serve Montenegro out of a new bonded warehouse in Belgrade, Serbia. Belgrade is connected to TNT Express’ European road network via Timisoara (Romania). The 470 km-drive through the mountains between Belgrade and Podgorica, the capital of Montenegro, takes 10 to 12 hours.
“TNT Express continues to expand its European road service,” says Bas Janssen, Managing Director of TNT’s Express Road Network. “Montenegro does three quarters of its trade with the EU and has just entered accession talks. Together with the need for cost effectiveness, this prompted us to include Montenegro in our road distribution network.”
In 2011, Montenegro recorded real GDP growth of 2.5% (source: IMF, May 2012). Montenegro’s merchandise exports to the EU were €200 million in 2011. Imports from the EU were €700 million (source: IMF – Direction of Trade Statistics).
About TNT Express
TNT Express (NYSE Euronext: TNTE) is one of the world’s largest express delivery companies. On a daily basis, TNT Express delivers close to 1 million consignments ranging from documents and parcels to palletized freight. The company operates road and air transportation networks in Europe, the Middle East and Africa, Asia-Pacific and the Americas. TNT Express had revenues of €7.25 billion in 2011.
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