TNT invests Euro 100 million to capture freight opportunities between Southeast Asia, Europe and China
TNT announced it will invest Euro 100 million over the coming 5 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 high-tech, equipment and machinery and healthcare sectors that are increasingly moving large volumes of high-value goods between Southeast Asia, China and Europe.
Commenting on the inaugural landing of TNT’s Boeing 747-400 ER Freighter in Singapore, James McCormac, Chief Operating Officer of TNT’s express division, said, “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’re certain that the stop in Singapore will further accelerate this volume growth.”
With Singapore as its Southeast Asian hub, TNT’s connectivity between Europe, Southeast Asia and China will further be enhanced to tap into significant trade flows between these regions. According to a study by TNT, Greater China is one of Southeast Asia’s largest trade partners, representing some 24 per cent of total express volumes transported by air. This is followed by Europe representing 20 per cent, with trade within Southeast Asia accounting for 11 per cent. Within Southeast Asia’s air trade, the high-tech sector alone accounts for over 76 per cent of total trade value.
TNT announced it will invest Euro 100 million over the coming 5 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 high-tech, equipment and machinery and healthcare sectors that are increasingly moving large volumes of high-value goods between Southeast Asia, China and Europe.
Commenting on the inaugural landing of TNT’s Boeing 747-400 ER Freighter in Singapore, James McCormac, Chief Operating Officer of TNT’s express division, said, “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’re certain that the stop in Singapore will further accelerate this volume growth.”
Onno Boots, regional managing director TNT Southeast Asia, said, “While we pride ourselves in offering customised solutions to myriad businesses, TNT has grown to be recognised as the leader in providing innovative solutions for the healthcare, high-tech and equipment and machinery sectors. As our customers increasingly move large volumes of high-value goods between Asia and Europe, they want the same quality of service, a single point of contact, clear visibility and accountability throughout their shipment’s transit which we are able to provide.”
With Singapore as its Southeast Asian hub, TNT’s connectivity between Europe, Southeast Asia and China will further be enhanced to tap into significant trade flows between these regions. According to a study by TNT, Greater China is one of Southeast Asia’s largest trade partners, representing some 24 per cent of total express volumes transported by air. This is followed by Europe representing 20 per cent, with trade within Southeast Asia accounting for 11 per cent. Within Southeast Asia’s air trade, the high-tech sector alone accounts for over 76 per cent of total trade value.
Complementing the Asia Road Network, which links over 120 cities in Singapore, Malaysia, Thailand, Vietnam and China, the enhancement of TNT’s air network offers customers an integrated, multi-country, multi-modal solution and hence a one-stop-shop approach to developing customised solutions for moving heavy, high-value shipments. With its strong domestic network capabilities, TNT is capable of moving freight between major cities in Southeast Asia to China with an average transit time of 48 hours. To Europe, the company offers transit times as short as one day.
