TNT Worldwide Malaysia sees 10% revenue growth

TNT Express Worldwide (M) Sdn Bhd expects to see revenue growth of 10 per cent for 2003, despite seeing a drop-off in volume of express materials handled in the second quarter. “We are on track. We expect demand to pick up in the second half to meet our full-year revenue forecast,” managing director L C Lee told reporters during a press conference in Petaling Jaya yesterday. He said the company was affected by the reduction in flight frequencies to areas hit by Severe Acute Respiratory Syndrome, but it managed to reduce the impact by re-routing shipments to other gateways. “For example, when flight frequencies to Hong Kong were reduced, we sent our shipments down to Singapore by road and then put them on the next available flight to Hong Kong. So, we made sure our service was maintained,” he said. TNT Express Malaysia is also projecting a 10 per cent increase in cargo volume this year. Earlier, TNT Express Malaysia rolled out a new PC-based solution called “ExpressShipper”, which encourages its customers to submit their consignments electronically to the company. Aimed at small- and medium- size enterprises, which constitute 30 to 40 per cent of its customers in Malaysia, the solution is available as a free download from the TNT website at www.tnt.com. Today, some 50 per cent of total consignments received from its Malaysian customers are done electronically.