TNT acquires LIT Cargo of Chile

TNT recently gained a stronger position in the Chilean domestic express market, a key platform for expansion in South America.

TNT announced the acquisition of 100 per cent of LIT Cargo, a leading express delivery company in Chile on February 16. The acquisition gives TNT a strong nationwide road network in Chile and strengthens its position in the country’s domestic express delivery market. Furthermore, it adds a key building block to the development of its South American Road Network (SARN), linking Chile to Brazil and Argentina.

Created in 1952, LIT Cargo is a family-owned, profitable road express company with 1,500 employees. The company operates a nationwide, highly automated express parcel network, comprised of 55 depots and 496 vehicles. LIT Cargo’s compound annual revenue growth of 25% over the past three years has outpaced that of the Chilean market. The company serves several key vertical markets, including automotive, pharmaceuticals and high tech.