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TNT LIMITED TO SELL TNT FREIGHTWAYS SHARES IN AN UNDERWRITTEN PUBLIC OFFERING

 ROSEMONT, Ill., Feb. 4 /PRNewswire/ -- TNT Freightways Corp. (Freightways) (NASDAQ-NMS: TNTF) announced today that it had been advised by TNT Limited (Limited) of Australia, that Limited intended to exercise its rights under a registration rights agreement, to cause the underwritten sale of its entire equity ownership of approximately 3,700,000 shares of Freightways common stock in the public market place.
 Cam Carruth, president of Freightways, noted that he had been advised directly by Limited of its intention to effect such sale at the earliest practicable date, which Freightways anticipates will occur in middle to late March.
 TNT Freightways Corp. 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 into Canada. The company also operates three logistics subsidiaries which provide specialized and dedicated services.
 -0- 2/4/93
 /CONTACT: Chris Ellis of TNT Freightways, 708-696-0200/
 (TNTF)


CO: TNT Freightways Corp. ST: Illinois IN: TRN SU:

PS -- NY085 -- 2999 02/04/93 12:47 EST
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Publication:PR Newswire
Date:Feb 4, 1993
Words:181
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