NACCO Materials Handling Group and TNT Logistics North America to sign logistics agreement
18 September 2003 - 08:53 CET
TNT Logistics North America, one of the nation's leading providers of value-added logistics, announced today that it will sign a three-year agreement to provide inbound and outbound transportation management in North America and Europe and finished goods warehousing and distribution in North America for NACCO Materials Handling Group (NMHG).
"NMHG was looking for a logistics partner that would design and execute a strategy that would allow it to gain visibility in their supply chain regionally and across continents," said Mark Morrison, senior vice president of Business Development, TNT Logistics North America. "At the end of the day, the logistics value created was a great fit for both NMHG and TNT Logistics."
NACCO Materials Handling Group is one of the world's largest lift truck manufacturers and designs, engineers, manufactures and sells lift trucks for virtually every market niche, including warehouse trucks, counterbalance trucks and large capacity cargo and container handling trucks. NMHG markets lift trucks under the Hyster®, Yale® and Sumitomo-Yale® brand names.
"NMHG is impressed with TNT Logistics' globally integrated service offerings and technology driven support structure. NMHG is enthusiastic about developing a strong partnership with TNT Logistics as part of a long-term supply chain strategy," says Anne Avgerin, Manager, Indirect Procurement.
An important element in NMHG's selection of TNT Logistics North America was its proven expertise in managing the shipment of global materials. Using its Matrix Supply Chain Technologies, TNT Logistics North America serves some 30 customers worldwide and performs more than 1 million transactions a month, such as shipment updates, variance notification, order processing. and pre-advice alerts. It digitally and electronically synchronizes disparate systems and solutions such as transportation, planning, optimization, transportation execution, and warehousing and back office functions into a common architecture.
