TNT Express NV is a public limited liability company, founded on 1946. TNT Express operates in the Courier, Express and Parcel (CEP) market and collects, transports and delivers documents, parcels and palletised freight on a day-definite or time-definite basis. Its services are mainly classified by the speed, distance, weight and size of consignments. Whereas the majority of its shipments are between businesses (B2B), it also offers business-to-consumer (B2C) services to select key customers. Its reportable segments are Europe Main, Europe Other & Americas, Pacific, AMEA (Asia, Middle East and Africa) and Unallocated. The Europe Main segment comprises the operations in five business units in Europe: Benelux, France, Germany, Italy, and UK & Ireland. Europe Other & Americas comprises all European markets outside Europe Main as well as North and South America (excluding Brazil Domestic, which is reported as a discontinued operation). The Pacific segment covers operations in Australasia. The AMEA segment constitutes the businesses in Asia, the Middle East and Africa, with fully owned subsidiaries in 21 countries. The Unallocated segment consists of Other Networks (TNT Innight and TNT Fashion activities outside the United Kingdom), Central Networks, ICS (Information Communication Services) and the TNT Express Head Office. Within the CEP market, it provides Express and Economy Express products. The Express services are day-definite and delivered next-day or fastest-by-air for distances for which next-day is not possible. The Economy Express services are also day-definite and are delivered fastest-by-road, except for intercontinental deliveries which depend on air. The Company also provides specialized or extremely urgent deliveries which include products such as same-day, value-added and non-standard freight services. Geographically, it differentiates between domestic, intra-regional and intercontinental shipments. It also differentiates between parcels and freight, with a cut-off point at 30 kilogrammes per consignment. It competes with DHL Express, FedEx and UPS. In Europe it competes with DPD, a subsidiary of France's La Poste's GeoPost, and General Logistics Systems, a Royal Mail-owned parcel delivery group.