TNT Logistics North America and BMW Expand Partnership Into Lead Logistics Provider Agreement.Business Editors/High Tech Writers JACKSONVILLE, Fla.--(BUSINESS WIRE)--May 14, 2002 TNT TNT: see trinitrotoluene. TNT in full trinitrotoluene Pale yellow, solid organic compound made by adding nitrate (−NO2) groups to toluene. Logistics North America, one of the nation's leading providers of value-added logistics, announced today that it has been awarded a multiyear, multimillion dollar contract to manage BMW BMW in full Bayerische Motoren Werke AG German automaker. Founded as an aircraft engine manufacturer in 1916, the company assumed the name Bayerische Motoren Werke and became known for its high-speed motorcycles in the 1920s. Manufacturing Corp.'s inbound supply chain in Greer, S.C. The announcement continues a successful partnership that has existed since 1993 when BMW built its first production facility in the United States. The agreement calls for TNT Logistics North America to expand its plant-centric logistics support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to include transportation and inbound supply chain management that will provide BMW critical visibility of its in-transit materials for every production process. The BMW/TNT agreement is a premier example of a progressive vehicle manufacturer partnering with a 3PL to optimize the "entire" inbound supply chain. "We are pleased that TNT is expanding its relationship with BMW in North America," said Jeffery D. Hurley, Senior Vice President, Operations for TNT Logistics North America. "Together, BMW and TNT will implement a logistics network that targets improvements in manufacturing for BMW and reducing costs." TNT operates two material processing centers totaling 600,000 sq. ft. supporting BMW's production of its X5 Sport Activity Vehicle and Z3 Roadster. One facility functions onsite where materials are managed by TNT using ASRS ASRS Aviation Safety Reporting System ASRS Arizona State Retirement System ASRS Automatic Storage and Retrieval System ASRS Automated Storage & Retrieval System ASRS Adult Self-Report Scale ASRS Anion Self-Regenerating Suppressor (Dionex) (automated storage and retrieval system Automated Storage and Retrieval Systems (often referred to as ASRS or AS/RS) refers to a variety of computer-controlled methods for automatically depositing and retrieving loads from defined storage locations. ) and delivered to specific line locations. The other logistics facility is offsite where materials are sequenced and shipped to BMW's assembly plant. The supply chain contract calls for TNT to manage material flow from all suppliers to the materials processing center and to the plant. TNT's Supply Chain Execution technology is a vital component supporting BMW's Materials Management process. It provides real-time materials status - proactive information critical to BMW's productions schedules. TNT Logistics North America provides value-added supply chain services such as network designs/redesigns, fulfillment centers, high-velocity crossdocks, supplier performance-channel disciplines, sequencing, kitting, metering for manufacturing, sub-assembly, modularization, return logistics, dedicated contract transportation, rail logistics and e-Commerce solutions. With 208 operations in the United States, Canada and Mexico, it serves a range of Fortune 500 companies in the automotive, electronic, rail, tire, fast-moving consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and , utilities and heavy machinery industries and offers global reach through TNT Logistics. Based in Jacksonville, Florida, TNT Logistics North America can be reached at 904-928-1400 or on the Web at http://www.tntlogistics.com. TPG TPG Texas Pacific Group TPG Tapping TPG Transports Publics Genevois (Geneva, Switzerland public transportation) TPG Test Pattern Generator TPG TNT Post Group TPG Trésorier Payeur Général N.V., with its two brands TNT and Royal TPG Post, is a global provider of mail, express and logistics services. It employs over 141,000 people in 59 countries and serves over 200 countries. The company reported sales of Euros 11.2 billion in 2001. In the first quarter of 2002 sales grew by 8.5 percent. TPG N.V. is publicly listed on the stock exchanges of Amsterdam, New York Amsterdam, New York is the name of two locations in Montgomery County, New York:
In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 3.1 billion. The TNT Logistics website address is: http://www.tnt.com/logistics. Note: Starting in May 2002, Royal PTT (1) (Postal, Telegraph & Telephone) The governmental agency responsible for combined postal, telegraph and telephone services in many European countries. (2) See push-to-talk. PTT - Post, Telephone and Telegraph administration Post will change its name to Royal TPG Post. |
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