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TNT maps out strategy to gain market leadership

In a bid to gain market leadership by 2005, e-logistics provider TNT has mapped out a strategy that will be dominated by strategic alliances and mergers and acquisitions. Martin Phillips, director for sales and marketing for Asia, said in an interview at the Shangri-la Hotel in Makati City, that the
company will engage in such activities to further strengthen its
hold on the market.
To gain the top position in the e-logistics market, Mr. Phillips
said that the company has to grow its courier services by 300% and
its logistics business by 1,000% in 2005.

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KLM warns on full year

KLM Royal Dutch Airlines said Wednesday it was likely to start reducing flight frequencies in order to cut costs as management said that full-year operating profit would come in “well below” last year.

The warning came as KLM said first-quarter income dropped by half amid the deteriorating global economy

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BID TO REPLACE SNC-LAVALIN'S STAKE IN LEBANON'S LIBANPOST

Lebanese group Investment House received a
tentative nod on Monday to replace Canadian company SNC-Lavalin as the main
investor in LibanPost, reports Lebanon’s Daily Star newspaper. But a deal has not yet been finalized and remains subject to Cabinet approval,
official sources told the newspaper.

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