TNT Express today announced that it will hire an additional 80 pilots during 2006, following the recruitment of an initial 20 in January, to fly new aircraft scheduled to enter service over the coming 16 months. The pilots will join TNT Airways’ existing Liège-based aircrew of 284 to operate the additional two BAe 146, two B747-400 ERF and five B737 SF aircraft that are set to join the company’s airfleet by May 2007.
Read MoreFinland Post Finds RFID Can Deliver ROI
Read MoreGlobal express and courier major TNT has pledged investment of Euro 100 million in India in the next five years. Blue Dart Express, in which DHL took a 68% stake in 2004, will induct two of the latest generation 757 aircraft into the Indian market in June taking its fleet size to 7. First Flight Couriers will also ramp up its fleet in June as part of a Rs 50 cr infusion. Even Anil Ambani controlled Reliance Capital recently acquired a 44% stake in the Rs 150 cr DTDC.
With such large investments in the pipeline, the Rs 4,000 cr express and courier industry is vociferous in its protest against a government move to yet again table the Indian Postal Act Amendment Bill which will allow the department of posts the authority to regulate the industry and also to reserve the business in the below 500 gms category for India Post only.
Shares in TNT NV were up late afternoon amid speculation in the German and Dutch markets that investment fund Blackstone Group may be interested in buying the Dutch mail and logistics company, dealers said. ‘There is some speculation in the market today that Blackstone is interested in TNT,’ said trader Rene Bastiaenen of Eureffect. A Blackstone spokeswoman did not deny the speculation, noting that ‘we are currently doing due diligence on about a hundred things, to assess whether they are of interest.’ She declined to say whether TNT is one of those possible targets.
Read MoreFedEx Corp., in the midst of expanding in Asia, will report quarterly results next week that Wall Street analysts expect will be an improvement from a year ago despite high gasoline and jet fuel prices. The company will report its fiscal 2006 third-quarter results on March 22. According to Thomson First Call, analysts expect the shipping company to earn USD1.30 a share, with a range of estimates from USD1.24 to USD1.35 a share. Revenue is expected to reach USD8.03 billion. Last year, the company brought in USD7.34 billion in sales during the quarter and earnings of USD1.03 a share, according to First Call.
Read More
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.
