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TNT CONTRACT LOGISTICS & IDEALEASE FORM STRATEGIC PARTNERSHIP

 TNT CONTRACT LOGISTICS & IDEALEASE FORM STRATEGIC PARTNERSHIP
 BUFFALO GROVE, Ill., Sept. 17 /PRNewswire/ -- TNT Contract Logistics Inc., a unit of TNT Freightways Corp. (NASDAQ: TNTF), and Idealease of North America Inc., a full service truck leasing and rental company, announced today the formation of a strategic partnership designed to take full advantage of
business opportunities in areas of mutual interest. While operating on an informal basis for the past two years, the two companies have decided to formalize their arrangement at this time due to the increasing amount of opportunities available as more and more American corporations decide to concentrate on their core business and outsource other, non-core business activities. The result is a relationship whereby the two companies jointly contract with a customer to provide fleet service. TNT Contract Logistics would accept responsibility for management, operations, administration and insurance coverage while Idealease would accept responsibility for vehicles and their maintenance.
 Idealease, established in 1982 by 11 Navistar International truck dealers, today has grown to become one of the largest truck leasing and rental companies in North America. The company also provides contract vehicle maintenance programs to companies which own their vehicles. The company currently operates a fleet of 15,000 trucks out of 307 locations in the United States and Canada. Idealease of North America, Inc. has national account representatives in all U.S. regions and Canada.
 TNT Contract Logistics provides complete, dedicated, logistics solutions for North American businesses who wish to now concentrate on only their core business activities. This business unit provides as part of these solutions: dedicated transport vehicles, warehousing, administrative inventory management, and customer service functions. A National Accounts Program provides business development support in the United States and Canada.
 While experts in the field of logistics, TNT Contract Logistics recognizes the superior talents of Idealease in the area of contract vehicle maintenance. "We decided to practice what we preach and outsource our maintenance requirements," said Doug Christensen, president & CEO of TNT Contract
Logistics. According to Bill Kennedy, president & CEO of Idealease, "Our relationship with TNT Contract Logistics will enable us to extend the full range of logistics services to our present customers. Our strategic partnership will broaden our marketing efforts throughout North America."
 Known for its wide range of services, Idealease will also create equipment for special applications, customizing trailers and tractors to the specifications required by the job. Idealease would also support TNT Contract Logistics operations with Idealnettm, the company's twenty- four hour, North America-wide emergency service hotline available through a toll free 800 number.
 TNT Contract Logistics' parent company, TNT Freightways, operates a group of regional less than truckload general commodities motor carriers in the United States. The company's regional +trucking subsidiaries focus on overnight and second-day delivery and provide service throughout the continental United States and Canada. The Company also operates an automobile port processing and refurbishing business.
 -0- 9/17/92
 /CONTACT: Doug Christensen, president and CEO of TNT Contract Logisitcs, 800-766-6660; or Bill Kennedy, president & CEO of Idealease of North America, 708-304-6000/
 (TNTF) CO: TNT Contract Logistics Inc. ST: Illinois IN: TRN SU: JVN


SH -- NY013 -- 0464 09/17/92 09:06 EDT
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Publication:PR Newswire
Date:Sep 17, 1992
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