TNT (TNT.AS) said on Monday it would try to make new savings in its troubled international express unit, in what are set to be its last earnings before it separates mail from express as two independent companies. Europe's second largest mail and delivery group after Deutsche Post (DPWGn.DE), which will split into two listed units at the end of May subject to a shareholder vote, had already issued a profit warning on April 8 after a poor first quarter. TNT's express division, which delivers to more than 200 countries through a fleet of 50 aircraft and 30,000 trucks and vans, has so far struggled to make price hikes, aimed at alleviating higher fuel costs, "stick" with its customers. The Dutch company announced it was targeting new annualised savings of around 40 to 50 million euros in express in a bid to improve profitability.
Source
