TNT Logistics and Fiat Auto renew spare parts logistics contract
04 March 2004 - 10:50 CET
TNT Logistics has announced today a five-year renewal of the spare parts contract for Fiat Auto. The deal is estimated to be worth EUR 1 billion in revenues over the contract term.The contract will include packaging, storing and delivery of spare parts to dealers in Europe for Fiat Auto, as well as warehousing activities in Italy, France, UK, Spain, Poland, Austria and Greece.
Under the terms of the renewed contract, TNT Logistics Italy will provide solutions to Fiat Auto that will optimise its transportation and distribution between its warehouses and dealers to ensure faster delivery at the lowest possible cost. With TNT Logistics expertise and assistance Fiat Auto will also introduce new packaging methods and will improve its reverse logistics and the utilisation of reusable containers.
Following the successful partnership between the two companies, TNT Logistics and Fiat Auto have been able to sign the renewed agreement ahead of the original expiry date in 2005.
Dave Kulik, TNT Logistics' Group Managing Director says, "This is an extraordinary example of how a customer and its logistics partner can collaborate openly and in the best interest of both parties, to develop a unique solution."
Fausto Forti, Managing Director of TNT Logistics Italy states, "This contract renewal further highlights TNT Logistics' position as the European market leader in automotive logistics and shows how our unrivalled expertise continues to be beneficial to clients."
