Hi-tech sector a catalyst for TNT investment
14 / 04 / 2008
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.