TNT and Hongkong Post join forces to tap Indian market
TNT has signed a strategic partnership agreement to provide express services in India with Hongkong Post, the postal service provider in Hong Kong. The companies are also likely to tap into the emerging markets in the Middle East in the next couple of years.
The companies will together provide the Speedpost FreightPlus service, which enables Hongkong Post to deliver items to India in two to three days instead of five to six days as in the past. Shipments can also be handled in multiple pieces under one consignment, leading to greater flexibility.
Under the partnership agreement, Hongkong Post will provide collection and customer services for items to be delivered overseas by express. TNT will collect the items to be delivered to India. The items would be delivered through the Indian logistics company Speedage, which has an established network in India and was acquired by TNT in 2006. Hongkong Post will provide customer service support and manage item tracking and tracing requests.
TNT and Hongkong Post is also considering co-branding initiatives to provide time-definite and premium services for existing customers.
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