Hi-tech sector a catalyst for TNT investment

TNT announced it will invest €100 million (approximately US$158.3 million), over the coming five years to strengthen its network coverage, connectivity and infrastructure. TNT aims to build a leadership position by leveraging on the soaring demand for freight express services between Southeast Asia, China and Europe.

This demand is mainly driven by customers in the hi-tech, equipment and machinery and healthcare sectors that are increasingly moving large volumes of high-value goods between Southeast Asia, China and Europe.

“As the market leader in Europe, and with the strongest domestic road network in China that remains unrivalled, TNT is well-placed to offer truly differentiating solutions for customers,” stated James McCormac, chief operating officer of TNT’s express division, commenting on the inaugural landing of TNT’s Boeing 747-400ER freighter in Singapore. “Our strategic objective is to build a leadership position in domestic, intra-regional and selected intercontinental express flows in the emerging Asian region. TNT’s volumes between China and Europe have grown over 20 per cent in 2007 and we are certain that the stop in Singapore will further accelerate this volume growth,” he said.

Share this story

Related Topics

Latest news

Carriers quick to return cargo capacity to the market after Christmas

By Damian Brett

Air cargo capacity quickly recovered to pre-Christmas levels after a temporary dip over the break, according to the latest figures…

Read More

Share this story

Jettainer launches streamlined ULD service for smaller carriers

By Rachelle Harry

ULD management firm Jettainer has created a solution to help small- and medium-sized carriers benefit from outsourced ULD management by…

Read More

Share this story

More than 150 aircraft reconfigured as mini freighters in 2020

By Damian Brett

Last year a total of 155 aircraft had seats removed in order to transport cargo in the cabin, according to…

Read More

Share this story