TNT’s Second-Quarter Income Rises 10.7%

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etherlands-based logistics firm TNT NV’s second-quarter earnings before interest and tax rose 10.7% to 342 million euros, Reuters reported Monday.

img src="/sites/default/files/images/articles/tntlogo.gif" width=100 align=right> TNT raised its guidance on its mail operating margin for this year to 18.5% from 18%, and said it forecast its express operating margin at the high end of a 9% to 9.5% range, Reuters reported.

The company also said it expected to sell its logistics business, which has a book value of about 1.15 billion euros, by the end of the third quarter, Reuters said. (Click here for previous coverage.)

TNT is the parent of TNT Logistics North America, No. 7 on the Transport Topics Logistics 50 listing of North American logistics firms.