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T N T Auto Co history
T N T Auto Co company history timeline
After losing $155 million in 1991, TNT Ltd. decided to spin off several non-core assets, including its United States trucking interest.
By the end of the year, operating revenues had reached $898.9 million, just over 12 percent higher than in 1992, with income topping $27.3 million.
TNT Auto Warehousing was later sold in 1993 when the company decided to concentrate solely on trucking and logistics operations.
Red Star and Holland had accounted for two-thirds of the company's revenues in 1993.
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