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TNT Express Worldwide (TNT EW) and Qantas have signed the world's first global express distribution agreement, the firms claim.

 The move follows the success of sector agreements between the two on Singapore-London and Australia, New Zealand and Asian routes.

 TNT EW, owned by Dutch post and telecoms group PTT Nederland, said the Singapore-London agreement had resulted in a 14 per cent improvement in TNT EW's service levels within a year.

 The new agreement details strict commitments covering delivery quantities, flight schedules and rates which guarantee expected service levels.

 'Qantas is the first airline to make a commitment to an express distribution company on a global basis,' said John Batten, TNT EW corporate director, commercial linehaul.

 Meanwhile, TNT Australia has completed the A$125 million (about HK$655 million) sale of its four transport businesses to Toll Holdings.

  After negotiations with TNT, the price Toll will pay for the four TNT businesses has been reduced from $145 million. The four companies, which have a combined sales volume of about $700 million, are Carpentaria Transport, TNT Seafast, Refrigerated Roadways and TNT Logistics.

 TNT said the agreement excluded assets worth about $10 million. Toll also has agreed to assume responsibilities for environmental risks and exposure to goodwill payments totalling about $10 million.



TNT and Qantas sign global express distribution agreement