Dutch-owned parcels and business mail delivery company TNT is said to be looking for a partner or fellow investor to help it launch a complete, end-to-end private mail service in the UK.
Postandparcel.info reported this morning that, after a successful pilot project in West London which has run for almost a year, it is now planning to offer a rival service to that of the Royal Mail.
Herna Verhagen, chief executive of TNT Post parent company Dutch mail firm PostNL, has said that the firm could create 20,000 new jobs by extending the service across the rest of the UK.
But with operations on its home territory running at losses, Verhagen has admitted that outside investment would be needed to get the project running.
"We have cash constraints in PostNL," she said, "so we are receptive to a partner willing to invest with us."
TNT already runs a large-scale postal collection, sorting and delivery operation in Germany, where it operates with parcel carrier Hermes as a substantial minority stakeholder.
TNT Post announced yesterday that its revenues in the UK reached EUR699m in 2012, the 27 per cent rise on 2011's figure being mainly achieved through a substantial growth in parcel volumes.