TNT bullish over Asian opportunities
TNT Express has made a bullish assessment of opportunities in the Asian market.
TNT Express has made a bullish assessment of opportunities in the Asian market.
Announcing the next stage of its five-year expansion plans, the company said it was benefiting from its light asset network model, allowing it to provide more flexible, focused and lower-cost solutions across a number of new sectors in the region.
Onno Boots, regional managing director for TNT Asia, said, “We have, in the last 12 to 15 months, delivered on our promises to invest and expand our services across the region, whether opening new facilities in Hanoi, Bangkok and Singapore, or offering new freight services and enhanced customer services.”
“Our unique Asia Road Network is proving highly attractive to customers in the current economic climate, especially now that we have integrated it with our own air services, connecting SEA to China and Europe. As a result, we are able to offer a greater variety of services to meet customer’s needs in a variety of sectors and in a variety of ways we may not have before.”
The company shared plans to grow its offering in service logistics, a market worth an estimated €2.3bn in Asia Pacific1, of which €410m come from Southeast Asia alone and where the company already has a number of major clients.
Other developments are also underway in security, freight services and customer services, the company said. Major investment in hubs and depots will continue and be announced soon, and the company is investigating ways in which it can take its low-cost, flexible network model to India.
“It is no secret that overall market volumes are down. However, due to our asset-light network, TNT is able to grow its offering in new markets for new customers. Increasingly, customers are realizing we are a quality alternative provider for freight and express services, offering a truly integrated, low-cost solution. As a result we are optimistic about our future in the region.” added Boots.
